Really good hindsight 20/20 thread. I will say this. While Hogan did help catapult WCW, once he got there he was very selfish in not putting younger guys over. The WWE was going in a new direction with newer guys. With Hogan still there that meant that he would either have taken a backseat (unlikely), or start putting newer generation guys over. My guess is that Hogan would have pulled much the same as he did in WCW and let his ego keep guys like Hart down. Remember him coming in after Hart's match with Yokozuna?

The key thing is to think about what guys still went where regardless of Hogan's actions and how that effected the main event scene.

WCW

1.) As we saw with Savage's disappointment with his announcing gig, he would have left regardless of Hogan and the effects on the company chronologically.

2.) Luger would have left WWF much earlier. He was still the narcissist at the Wrestlemania that Savage commentated at, and Hogan came in after Bret lost. His biggest accomplishment in the WWF was his Yokozuna feud. If Hogan stayed, no doubt his feud would have been extended (Hogan's rematch with yokozuna was his last in the WWF). Hogan would have never let Luger become the rehash of his All American gimmick with a better body. The only other scenario would be heel Luger as the Narcissistic feuding with face Hogan which may have been interesting.

*WCW's main event picture at this time would be well established with Flair, Vader, Luger, and Savage. Hogan typically overshadowed Savage, despite Savage; IMO, having almost as much charisma. Savage would have been the face of WCW as champion after probably returning to feud with Flair, while Hogan would stay the face of the WWF.

3.) The Horsemen. Probably would have reformed regardless being the WCW's bread and butter heel stable. Arn, Flair, Mongo, and Benoit would have ensued feuds against Savage, Sting, and Luger. It would have been decent TV in WCW.

4.) The Dungeon of Doom. May or may not have existed. Without Hogan's baby face to combat these cartoonish evildoers it's difficult to say. Sting may have been the focus of their wrath. If the Dungeon of Doom had talent like The Giant and Vader I think they would be a bigger focus.

3.) The NWO, would probably have happened regardless. Did the NWO need Hogan? Difficult to say. The NWO revamped everyone's gimmicks, including Hogan's. The NWO angle probably wouldn't have lasted as long, however that would probably have been a good thing.

*Nash probably would have won the heavyweight championship at some point. He would have been a good front man for the NWO as he was with the Wolfpac split. Maybe Hall as well. Whether or not Savage joined up would be largely conjecture. Regardless, Savage was a big draw in the NWO and outside of it in the WCW. The Giant would have probably still jumped ship with the demise of the Dungeon of Doom.

WWF

1.) Hart. As stated, Hart would have been overshadowed as a babyface by Hogan. If he eventually started the Hart Foundation up, their anti-American angle may have played well as heels against him. More than likely, the HBK match would have never happened at Wrestlemania.

2.) HBK. May have continued to be pushed as heel. I don't see Hogan interfering too much with this.

3.) Undertaker. Probably would have still been pushed as a heel. I see Hogan and him having a long feud.

4.) Austin. May have stayed with WCW, but if he wasn't marketable even under Hogan's shadow, he most likely would have still left for the ECW, then to the WWF. Hogan may replace Hart during his feud with Austin and that would have been interesting as well.

*The biggest thing to consider is where Hogan would have fit in the Attitude era? An era that was typified by being the antithesis of babyfaces and cartoonish heels. Hogan turning heel to a WWF audience would have been more dramatic, but more difficult to pull than his WCW heel turn. Remember, Hogan was still a headliner even well into the Attitude era.

With Hogan out of the WCW, you have a host of main eventers who haven't had a problem putting younger guys over. WCW would have been more sustainable in the long run. Hogan would have either had to retire during the Attitude era, heel turn, or the Attitude era would have not existed, because he would not as the face of the company, allow it. Hollywood Hogan would be interesting to see in the Attitude era WWF.

Without the Attitude era, we would be having the reverse conversation of what if Hogan had went to WCW, because I believe the WWF would be dead after the Monday Night Wars.