I'm not sure who on this board is from the Boston/New England area and who has ever attended an NECW show besides me, but I wanted some notice made of this disappointing news here.
NECW was a very good indy promotion that employed mainly local talent, some of whom went on to places like ROH (Eddie Edwards) and TNA (Nikki Roxx/Roxxi Laveaux). However, some of the biggest stars in the business worked for NECW owner Sheldon Goldberg (John Cena for one) when they were starting out.
The story in PWInsider details the shitty deal they got from Comcast that was supposed to elevate the promotion but ended up killing it. I'll be honest, I only attended a couple of NECW events in their home base of the Quincy, MA Armory. But I do/did watch their show every week online.
My main interest has always been the "sister promotion" to NECW Sheldon Goldberg started up in 2006: World Women's Wrestling. WWW used to promote an all-women's wrestling show nearly every month from the now-demolished Good Time Emporium in Somerville, MA. Without fail, I'd be front row ringside with two of my buddies every show.
WWW was a unique product: It consisted of both local talent and talent you'd see in Shimmer and ROH like Portuguese Princess Ariel, Portia Perez, Sara Del Rey, and Nikki Roxx, who was the main star of WWW before TNA came calling. There would be comedy matches to open the show, but the main events, usually involving Ariel, Nikki, and later Lexxus/Alexxis Neveah (who wrestled once in TNA as Mercedes Steele and was squashed by Awesome Kong) wrestling for the World Women's Wrestling Championship were almost always gangbuster matches that really delivered.
WWW couldn't sustain itself without a home base after the Good Time Emporium closed down and that was a shame because for a couple of years, it was a terrific, bona fide women's wrestling promotion. There aren't many of those, certainly not in the New England area. When WWW ended as a "separate" promotion, the World Women's Wrestling Championship - usually revolving around Alexxis Neveah as the top female star - became a featured part of NECW.
On a personal note, Sheldon Goldberg is a very nice man, old school and extremely knowledgeable about wrestling, and he became a friend. Just a couple of weeks ago, I randomly ran into him and worked alongside him on a non-wrestling work project and spent hours talking wrestling with him. He gave no indication that NECW was going under (the PWInsider article states he didn't know then) and he told me tons of great stories not just about NECW but about people in TNA and WWE he knows, like Jim Cornette and even Vince McMahon.
Very saddened for Sheldon for the loss of NECW (and WWW), something he's devoted countless hours and the last ten years of his life running and trying to grow. This is an unfortunate turn of events.
Starting out, I believe they get a base salary which covers most expenses since WWE doesn't pay for everything mostly the plane trips and some of the hotels. Then you get part of the gate, merchandising and so on.