So I guess this means Perry Saturn is going to become wrestlings version of 50 cent. Hey, I wouldn't mind, I always liked his in ring stuff, and kinda wished they would just let him be a real badass, as opposed to all the comedy bits(although the You're Welcome bits where hilarious).
So if I understand this correctly, Flair tried to apologize and Foley didn't accept. Then Foley asked Flair to do him a favor (albeit for charity). Flair then punched Foley. Foley should have accepted the apology (I'm assuming sincerity).