No, no one will say that.
Rhino was pushed pretty strongly in the WWE for what he was. People who remember him from WWE will remember him as someone who squashed people in the midcard. Then disappeared, as they didn't do an on air firing. Came back with ECW and was a threat. Now won three matches in one night and is champion of TNA. I think any way you look at it, from a marks perspective, Rhino is a pretty strong wrestler.
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Yeah, but marks are gonna think that if Rhino was really good, then WWE would've kept him. Or, they'll just see some former WWE low-carder (You can make the argument that Rhino wasn't even a midcarder in WWE since he never held the US or IC Title) who is now World Heavyweight Champion in TNA.
TNA's best bet would be to make an unknown wrestler, to most WWE fans, the champion. That way, casual fans wouldn't be able to say, "Well if Rhino became champion in TNA, the wrestlers must not be very good" or something to that extent.
Because if TNA ever hopes to garner ratings higher than a 1.1 or 1.2, they have to have some mark credibility.
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I've had mark friends of mine say for a long time they wish that WWE would have given Rhino a chance in the main event scene.
They wouldn't see TNA as weak for it.