UPDATE: WWE has released a statement on the banner:
The banner was a part of our show and was never intended to stay at MSG.
Apparently, like a championship title, it was just a prop.
Madison Square Garden and WWE have a long and storied connection. For years, the Garden was the promotion's home base, and most of the company's big angles and matches culminated in that Manhattan building.
So you knew the company would do it for Friday night's house show. Chris Jericho returned for a brief winter tour. They made sure Daniel Bryan was there, and had one of his young fans YES! with out to the ring as part of their Superstars4Kids community service/social media effort. And they brought out their legendary ambassador, Hulk Hogan for an "appreciation night".
The tribute included a ceremony that featured a banner being raised to the arena's rafters, commemorating thirty years of Hulkamania in New York City, a run that was highlighted by the first ever WrestleMania.
The lovefest was short-lived, however. According to PWInsider, reporting for numerous eye witnesses from Saturday night's NBA game between the New York Knicks and the Toronto Rapters, Hogan's banner was nowhere to be seen.
Just moving it around to a permanent home, or another case of wrestling getting shuffled off stage when the "respectable" sports and entertainment options roll into town? Lots of folks are trying to get confirmation on that. In the meantime, if you hit the site of some of the most important moments in WWE history, don't expect to see that red & yellow banner hanging in between the ones honoring Knicks' and Rangers' accomplishments.
LOLHogan, or disrespectful to wrestling...thoughts, Cagesiders?