WCW Greed

The event featured wrestlers from pre-existing scripted feuds and storylines. Wrestlers portrayed villains, heroes, or less distinguishable characters in the scripted events that built tension and culminated in a wrestling match or series of matches.[2]

The main feud heading into Greed was between Scott Steiner and Diamond Dallas Page over the WCW World Heavyweight Championship. At SuperBrawl Revenge, Steiner defeated Kevin Nash in a Retirement match to retain the World Heavyweight Championship and Nash was forced to retire.[3] On the following night's episode of Monday Nitro, Steiner, alongside members of The Magnificent Seven, held a memorial service for Nash as well and listing down Superstars that Steiner defeated to retain his title. Steiner then revealed his next target to beat by revealing Kanyon out of a casket dressed as Diamond Dallas Page, with Kanyon having defeated Page at SuperBrawl Revenge the previous night. DDP then interrupted Steiner and accepted his challenge to a match at Greed with Steiner's title on the line. Later that night, DDP defeated Kanyon in a rematch before escaping through the crowd when Steiner attempted to attack him with a lead pipe.[4]

The third match was Bam Bam Bigelow versus Shawn Stasiak (with Stacy Keibler).[5][6] While Shawn cuts a promo that involves kissing Stacy and throwing photos of himself to the crowd, Bigelow heads to the ring to confront him but Shawn goes outside numerous times to avoid being attacked.[6][7][8] After some brawling, Shawn delivers a top-rope flying crossbody on Bigelow, who would later execute a diving headbutt on him.[5][7] Stacy distracts the referee while giving Shawn some hairspray to blind Bigelow, followed by a neckbreaker he uses to gain the victory.[5][6][8]

The fourth match was Team Canada (Lance Storm and Mike Awesome) versus Hugh Morrus and Konnan. As Storm asks for the Canadian national anthem to be played that doesn't happen, Morrus rushes to the ring and brawls with them to start the match.[5][6] Morrus attempts to deliver a moonsault but Storm attacks him from behind and Awesome lands a frog splash on Morrus, only for Konnan to interrupt the pin and fight with Storm on the outside.[7] Morrus tries to deliver the moonsault again but Storm distracts him long enough for Awesome to grab him for an Awesome Bomb to win the match.[5][6][7]

The sixth match was contested between Totally Buffed (Buff Bagwell and Lex Luger) and The Natural Born Thrillers (Sean O'Haire and Chuck Palumbo) for the WCW World Tag Team Championship. Before the match started, Totally Buffed cut a promo saying they undermined their opponents but were now prepared to beat them.[5][6] After a brief stare down, O'Haire and Palumbo rushed to the ring and brawled with them, with Bagwell holding O'Haire for a Luger attack he received instead. Palumbo and O'Haire performed Jungle Kicks and Seanton Bombs onto Totally Buffed, pinning them to win the match and retain their titles.[6][7]

The eighth match was between Booker T and Rick Steiner for the WCW United States Heavyweight Championship.[5][6] The match began as a brawl outside the ring, with Steiner in control after throwing Booker into the crowd and back inside the ring to hit a Steiner-Line and double underhook powerbomb on him for consecutive two counts.[5][7] After various rest holds, Booker gains the upper hand with a flying forearm, scissor kick and faceplant on Steiner before performing a Spinaroonie, but hits the referee with a Harlem sidekick meant for Steiner who delivers a German suplex.[7][8] As Steiner climbs to the top rope, Shane Douglas appears from the crowd and clocks him from behind with his cast, and Booker executes a Book End on Steiner to win the match and the title.[5][6][7]

On March 23, 2001, World Wrestling Federation (WWF) owner Vince McMahon purchased WCW, acquiring the company's assets including television footage and some of the signed wrestlers’ contracts.[9] Originally, WCW president, Eric Bischoff, had been planning to purchase WCW with his media company in an attempt to save the company. The original idea Bischoff had was to do a complete rebranding and reboot WCW into a "new WCW", starting with a May pay per view titled "WCW: the Big Bang", which would have begun a new creative direction for WCW.

Monday Nitro aired its final episode on March 26, 2001 from Panama City Beach, Florida. In that episode, Scott Steiner lost the WCW World Heavyweight Championship to Booker T, who also held the United States Heavyweight Championship at the time, making him a double champion. He would take the World Heavyweight Championship to the WWF, where it was renamed the WCW Championship with Booker T as the inaugural champion.

Long time rivals Sting and Ric Flair faced each other for the last time in the main event of Nitro and the final match in WCW's history, in which Sting came out victorious after having Flair submit to the Scorpion Deathlock. After the match the two embraced, showing respect for one another.[10]

Near the end of the episode, WWF owner Vince McMahon appeared on an episode of Raw is War (which was broadcast from Gund Arena in Cleveland, Ohio) to address the purchase of WCW; the entire address was simulcast on Nitro in order to allow McMahon to address the wrestlers and fans of both promotions. During McMahon's gloating, his son Shane McMahon arrived at the venue for Nitro and revealed that he was the one who purchased WCW. This was part of a storyline between Vince and Shane McMahon that would lead up to the WWF's Invasion storyline. It also served to help build up their match at WrestleMania X-Seven where the two were scheduled for a street fight.

While the WWF may have acquired most of WCW wrestlers’ contracts, some wrestlers, like Sting, would not join the WWF immediately after WCW's closure due to refusing to join the promotion or waiting out until their contract with AOL Time Warner expired.

Sting, despite being WCW's mainstay and face of the company, would resist joining the WWF (later renamed World Wrestling Entertainment, WWE) despite many close agreements on joining the promotion. He would eventually join WWE in 2014, 13 years after WCW's closure and debuted during the promotion's Survivor Series event while at the age of 55.[11]

Despite his contract being under WCW, Jeff Jarrett was fired by Vince McMahon upon his acquisition of WCW, having no interest in Jarrett. After WCW closed its doors, Jarrett, alongside his father Jerry Jarrett, would later find success as wrestling promoters after opening their own promotion, Total Nonstop Action Wrestling. The promotion would bring a new generation of wrestlers that would later find their success in WWE while also gaining the attention of past WCW wrestlers like Sting and Scott Steiner. Seventeen years later, Jarrett would return to WWE in 2018 for induction to the company's Hall of Fame, followed by an in-ring return for the company at the following year's Royal Rumble.[12]