The NWA World Heavyweight Championship was the principal championship recognized by professional wrestling promotions affiliated with the National Wrestling Alliance. By the early 1990s, the largest NWA affiliate was World Championship Wrestling. In 1993, the relationship between WCW and the NWA board of directors began to deteriorate. In September 1993, WCW withdrew from the NWA and the NWA World Heavyweight Championship - held by WCW employee Ric Flair - was vacated. After the title had been vacant for several months, NWA board member Dennis Coralluzzo proposed holding a tournament to crown a new NWA World Heavyweight Champion. Tod Gordon and Paul Heyman - the owner and booker of the NWA affiliate Eastern Championship Wrestling - wrote to the board of directors proposing that ECW host the tournament given that it had more television exposure than any other NWA affiliate. The board of directors accepted the proposal. Ostensibly unbeknownst to the board of directors, Gordon and Heyman - who had previously had disagreements with Coralluzzo - planned to use the tournament to publicly break away from the NWA and springboard ECW to prominence. Gordon and Heyman approached Shane Douglas, the planned winner of the tournament, who agreed to their plan.
Event
The event featured an eight-man tournament for the vacant championship. The tournament began with 2 Cold Scorpio defeating Chris Benoit in an "aerial showcase" using a cradle, followed by 911squashing the surprise wild card entrant, Doink the Clown, with a series of chokeslams. Dean Malenko defeated the Japanese wrestler Osamu Nishimura by submission, while Shane Douglas, the-then ECW Heavyweight Champion, pinned The Tazmaniac with a roll-up. In the semi-finals, 2 Cold Scorpio defeated 911 by count-out after 911 was distracted by Douglas, while Douglas pinned Dean Malenko following two piledrivers. In the final bout of the tournament, Douglas pinned 2 Cold Scorpio following a belly-to-belly suplex. After being presented with the NWA World Heavyweight Championship belt, Douglas began to deliver an acceptance speech before abruptly throwing down the title belt and instead picking up the ECW Heavyweight Championship belt, proclaiming himself to be the "Extreme Championship Wrestling Heavyweight Champion of the world". The event was also scheduled to host a tag team bout for the ECW Tag Team Championship between champions The Public Enemy and challengers Cactus Jack and Terry Funk. After Funk was forced to withdrew from the event due to missing a flight, Mikey Whipwreck was announced as his replacement. Cactus Jack and Whipwreck went on to score an upset victory over The Public Enemy, with Whipwreck pinning Rock using a roll-up.
Aftermath
Dennis Coralluzzo was interviewed immediately after the event, referring to Douglas' actions as "a disgrace" and stating that he would move to have Douglas stripped of both championships. There are conflicting accounts as to whether Coralluzzo was aware in advance that Douglas intended to throw down the belt. On the August 29, 1994 episode of ECW Hardcore TV, Tod Gordon delivered a promo stating that Eastern Championship Wrestling had withdrawn from the NWA, and renamed Extreme Championship Wrestling, and would recognise Shane Douglas as its world heavyweight champion. The ECWTag Team Championship and ECW Television Championship were also renamed the ECW World Tag Team Championship and ECW World Television Championship. The NWA World Heavyweight Championship remained vacant until November 19, 1994, when Chris Candido won a tournament in Cherry Hill, New Jersey hosted by Smoky Mountain Wrestling, defeating Tracy Smothers in the finals. Douglas' actions have been described as "killing the title's credibility forever".