It is highly expected by those in WWE that the late Paul Bearer will definitely be one of the final inductees at the 2014 WWE Hall of Fame. The Wrestling Observer is reporting that along with Bearer, another former star around the caliber of Jake Roberts and Warrior is also expected to be inducted this year.
Lita is also being considered for induction this year, although other reports have indicated WWE wants to bring back Stacy Keibler for WrestleMania 30 this year, and a Hall of Fame induction might be one way to do it.
Regarding the main event match from WrestleMania I being inducted into this year's Hall of Fame, along with the participants, there isn't much of an update at this point. However, it's being said that WWE definitely wants Mr. T to go in at some point, although he's turned them down several times in the past.
There's also a feeling that if Danny Hodge doesn't get inducted this year, it's likely he never will. Hodge was a major star in New Orleans back in the 60's, so this year is an ideal time and location for him to go in.
The 2014 WWE Hall of Fame will take place on Saturday, April 5, at the New Orleans Arena.