There is a a lot of talk backstage that the deal with the USA Network was done about a month or so ago and they wanted to hold off the announcement until today being the day after WrestleMania with tons of publicity. Spike made an announcement about a month ago to try and ‘spoil’ it knowing that they had no chance of working out any sort of deal to renew programming.
The mood backstage at WrestleMania was very upbeat and most felt the show lived up to the “WrestleMania” hype.
For those wondering, SmackDown! is signed on with UPN until September of 2006. They will remain there until then and then we’ll see what happens. We’re not sure about the future of Velocity just yet.