– Regarding signing new talents, there is no hard and fast rule but there’s a belief within WWE that they have enough “small guys” and the problem with business is there are already too many and not enough “big guys.” Unless someone is really good, WWE is not looking to sign small guys right now. They also don’t want to sign ROH guys right now but that doesn’t mean Eddie Edwards and Davey Richards won’t get picked up.
There’s a feeling that guys who work independents and travel and have somewhat of a name already have bad habits, and if they are at the higher level, if WWE signs them and even if they agree to take the pay cut to WWE entry level, that the talent won’t be happy over the long haul. It was also said WWE doesn’t want talents who know they can get fired, go back to the indies and be successful without WWE. They want guys with the impression that their careers in wrestling depend on making it in WWE.
Source: Wrestling Observer Newsletter