walter.jpgWalter Mercado is suing a businessman in Puerto Rico for 5 million dollars! It seems that Walter signed a contract giving this dude all the rights to his name, image, voice, and more and Walter feels like he is being taken advantage of and exploited.

Here are the juicy details. Through this contractual agreement, Walter receives the following:

  • $25,000 per month
  • $5000 per month for wardrobe expenses
  • $2000 for three 25-minute segments
  • Additional money for every country outside of the US and Puerto Rico that he does business in.

Dang! We are in the wrong business. We are going to open an El Gossiper psychic hotline!

We have to ask the obvious question here. If Walter is a psychic, couldn’t he have predicted this mess he is in and not signed the contract to begin with?