To really argue this case you need to read a WWE booking contract. There was one online a few years ago so maybe someone can google it and read it for yourself. One misconception is that WWE tells you where to be and when to be there and therefore wrestlers are employees. Not exactly correct. A WWE contract specifies a certain number of dates, usually 120-180 per year. In the contract the independent contractor guarantees he/she will make those dates or be in breach. This is why back in the day when there was many places to work, a wrestler would simply no show his dates and breach his deal to void his contract. WWE isn't giving you a set schedule to come to work(like mon-fri 9-5), together the wrestler and WWE agrees to the number of days he/she will work and for what wage. Its why someone like Goldberg signed a 40-50 date deal for millions.
Now once those dates on the contract have passed then the wrestler is free to go home and do what he/she pleases. However, WWE may find it necessary to continue to use you for more dates. This is where wrestlers earn BIG money because say they signed a 3 year 180 date per year deal. Its date 181 in a one year term, your lawyer or agent would then negotiate compensation for these dates that exist outside of your original deal. Jeff Jarrett for example, worked an extra date for WWF and earned 450k because he was the IC champ and he worked a ppv. Jarrett held the company up thinking he would have a lifetime job with WCW(idiot) and got blackballed but Chris Jericho worked on a week to week basis before his 1st WWE departure and I'm sure he earned nice coin for the days he worked past his original contract.
A wrestler can easily claim that Vince breached their deal by having him work more dates than contracted for and leave WWE but most just take the extra pay. Now, as far as WWE specifically telling wrestlers how to execute their job, that is also not exactly correct. This is why WWE is structured as bookers-agents-wrestlers. The booker(vince) tells the agent/producer just the finish and purpose of the match. The producer/agent tells the wrestlers and give suggestions on how to execute the plan. A wrestler can easily just say no to any finish(see Bret Hart) or suggested spot in a match.
Most wrestlers do what they are told but they cannot claim the the WWE office told them exactly, move for move, how to work their matches.
As far as the owning wrestler name issue goes, you have to understand what wwe is. In the past wrestlers used to pay a percentage of their per date earnings back to the promoters/booker(TNA does this now, taking money off talent booked on indy shows). Vince McMahon killed that practice in the 80's because he knew he could make more money off the wrestler by licensing the wrestlers image. Toys, dolls, video games, etc. WWE is a licensing powerhouse. Owning the image or intellectual property, affords WWE the power to earn money off an image indefinitely. Wrestlers themselves NEVER had that revenue stream because they only earned off working dates in the ring. WWF in the 80's made many wrestlers millionaires. Now the licensing of a wrestler is totally separate from his/her booking contract. It could be added to the booking contract as a rider but usually it is a separate dept. For example, WWE has several under Legends deals. The "Legends" are under a very lucrative licensing deal with that WWE dept and therefore is under no obligation to appear for WWE unless they agreed to specified dates in a booking contract. Kevin Nash stated he could work dates for TNA but TNA could only license his grey haired "Kevin Nash" character not "diesel" "big daddy cool" or "big sexy" "nWo" or "nWo Wolfpack" characters.
WWE is more of a licensing company than they are a wrestling company. WWE doesn't make much money off live attendance, that money goes to overhead and the performers. WWE using wrestling as a vehicle to drive their licensing ventures and avenues. Vince was so brilliant at this in the 80's that when he started charging international companies MAJOR figures to make Hogan dolls and action figures he began to see how rich he could be. Licensing is what made record companies billions of dollars before the internet killed them. You can take one song and license that song for use in EVERY country on the planet for a set amount of money and a specific amount of time and for a specific product. Now imagine doing that with 300 wrestlers. Forget 300 wrestlers, try Austin, DX, and the Rock. That's BILLIONS of dollars and that is why WWE wants to own the wrestlers name because they have a machine in place that is already set up to make that wrestler money in perpetuity. The Dudley's still get checks to this day from WWE using their image as the Dudleys, they just don't OWN the name.
ALL that being said, WWE is a MONOPOLY. Under those terms, which was the basis for the Raven lawsuit, how could wrestlers feel like they have the freedoms they negotiated if there is no other place to go to ply their trade. Therefore, since WWE is the only global wrestling powerhouse, what power does an independent contractor have to keep the terms of his deal honored? This is the problem. WWE should not have purchased WCW and ECW. It made them a monopoly under the law and crippled the industry, effectively making any independent contractor an employee. Who is going to argue about working dates past their contracted amount and make WWE pay for it? Who is gonna tell them they are in breach of contract? Who is gonna say they won't do a finish when TNA is the only other option you have and if they don't call, you're out of the industry?
The lawsuit was not to challenge the independent contractor status in general, it was about challenging it under the conditions of a monopoly and since WWE is a monopoly, wrestlers that are contracted to them should be considered employees. This is the correct argument! Not that wrestlers aren't independent contractors by definition of law.