WWE officially announced yesterday, that NXT would be moving to the USA Network starting September 18th, with a 2-hour time block on Wednesday nights.

On the most recent edition of Wrestling Observer Radio, Dave Meltzer reported that WWE will be getting a minimum of $50 Million a year for NXT. That is on top of the $265 Million they are getting for RAW.

"The move to USA Network provides an opportunity to deepen our relationship with NBCUniversal and further build the NXT brand," said WWE CEO Vince McMahon. "Over the long term, our goal is to develop a following that can be monetized to the same level as our flagship programs, RAWand SmackDown."

Meltzer also noted that Vince McMahon is not expected to be at the NXT Live tapings and has been seen less and less at RAW and SmackDown Live. It is speculated that McMahon will be focusing a lot of his attention on the upcoming 2020 XFL season.