- Chris Jericho vs. Chris Benoit vs. Eddie Guerrero vs. X-Pac — WWF Intercontinental Championship
- Triple H vs. Stone Cold Steve Austin — Three Stages of Hell Match
- The Dudley Boyz vs. The Brothers of Destruction vs. Edge & Christian — Tables Match for the WWF Tag Team Championship
- Kurt Angle vs. The Rock — WWF Championship
No Way Out 2001: The WWF Delivers One Last Classic Before WrestleMania
The factual record, historical context, match-by-match analysis, and WrestleFile verdict.
- PROMOTION
- World Wrestling Federation
- DATE
- February 25, 2001
- VENUE
- Thomas & Mack Center
- LOCATION
- Paradise, Nevada
- ATTENDANCE
- 15,223
- EVENT TYPE
- PPV
No Way Out 2001 is the rare final stop before WrestleMania that feels essential on its own terms. The card has two obvious weak points, but the best material is extraordinary. Triple H and Stone Cold Steve Austin finally settle their violent rivalry across three increasingly dangerous falls, Chris Jericho survives a loaded Intercontinental Championship four-way, and The Rock defeats Kurt Angle in an excellent main event to reclaim the WWF Championship.
Read the Full FileContinue the event-level analysis
Even Stephanie McMahon-Helmsley versus Trish Stratus turns into a surprisingly effective grudge match, while the Dudleys' tables defense gives the tag division another energetic showcase. The result is not as uniformly excellent as the very best five-match TakeOvers, but its peaks are massive and its consequences are immediate. By the end of the night, Austin has closed the book on Triple H, Rock has the championship, and WrestleMania X-Seven is fully in focus.
Event ContextBackground, stakes & historical setting
No Way Out 2001 took place on February 25 at the Thomas & Mack Center in Paradise, Nevada, with a reported attendance of 15,223. It was the third event under the No Way Out name and the final WWF pay-per-view before WrestleMania X-Seven, arriving one month after Stone Cold Steve Austin won the Royal Rumble.
The longest-running issue on the card was Austin's feud with Triple H. Their conflict traced back to the 1999 storyline in which Austin was run down by a car, eventually revealing Triple H as the mastermind behind Rikishi. After months of retaliation and escalating violence, Vince McMahon booked them in a two-out-of-three falls match with three different environments: a standard singles match, a street fight and a steel cage match. A zero-tolerance policy prevented either man from attacking the other before the event, intensifying the sense that No Way Out would finally settle the issue.
The WWF Championship story was equally important. Kurt Angle had held the title since No Mercy 2000 and survived major challenges at Survivor Series, Armageddon, Rebellion and the Royal Rumble. The Rock earned the No Way Out opportunity by defeating Big Show and entered needing the championship to set up the WrestleMania main event with Austin. Seven matches aired on the pay-per-view. Rikishi versus Matt Hardy took place beforehand on Sunday Night Heat and is excluded from the editorial match grades.
Watch, Skim or Skip?
- Big Show vs. Raven — WWF Hardcore Championship
- Stephanie McMahon-Helmsley vs. Trish Stratus
- Steven Richards vs. Jerry Lawler
The Card, On the Record
01Big Show def. Raven — WWF Hardcore ChampionshipD+
The Hardcore Championship opener is designed as controlled chaos rather than a conventional singles match. Raven and Big Show barely have time to establish their own fight before the division's 24/7 ecosystem floods the scene, with Tori, Crash Holly, Steve Blackman, Molly Holly, Hardcore Holly and Billy Gunn all becoming part of the action. The title changes hands during the scramble before Raven regains it, only for Big Show to finish the sequence with a Chokeslam and leave as champion. There is plenty happening in four minutes, but the constant interruptions make the match feel more like a compressed division showcase than a satisfying title bout.
Energetic hardcore chaos, but too crowded and brief to become a strong match.
02Chris Jericho def. Chris Benoit, Eddie Guerrero and X-Pac — WWF Intercontinental ChampionshipA-
The Intercontinental Championship four-way is a twelve-minute sprint with enough technical quality to avoid becoming random multi-man offense. Jericho and Benoit bring the rivalry that had defined the title picture, Guerrero adds opportunism, and X-Pac gives the match another fast counter-wrestler capable of changing direction instantly. The structure keeps all four men involved without forcing everyone into the ring at once for long stretches. Jericho ultimately catches X-Pac with a roll-up to retain, which protects the other challengers and gives the champion the result he needs before WrestleMania. It is compact, athletic and one of the card's clearest wrestling strengths.
A terrific four-way sprint that makes excellent use of twelve minutes.
03Stephanie McMahon-Helmsley def. Trish StratusB-
Stephanie McMahon-Helmsley and Trish Stratus greatly outperform the expectations attached to a storyline-driven celebrity-style grudge match. The match is less polished than the championship wrestling around it, but the lack of polish actually helps because both women are presented as furious and willing to fight rather than as technicians trying to impress. They brawl, use the ringside environment and keep the crowd engaged until William Regal's interference changes the finish. Regal's attack on Trish gives Stephanie the pin, so the ending is not clean, but the eight-minute match has enough intensity and crowd investment to justify its place on the show.
A surprisingly effective grudge match carried by intensity and crowd investment.
04Triple H def. Stone Cold Steve Austin — Three Stages of Hell MatchA+
Triple H and Stone Cold Steve Austin deliver the event's defining match by turning a two-year rivalry into nearly forty minutes of escalation. The first fall is a straight singles match, where Austin earns the early advantage with the Stunner. The second fall becomes a street fight, allowing Triple H to use the sledgehammer and Pedigree to even the score. The steel cage third fall then combines the damage from both earlier stages with increasingly desperate weapon use and near-falls. The finish is wonderfully ugly: Triple H swings the sledgehammer as Austin swings a barbed-wire-wrapped weapon, both collapse, and Triple H lands on Austin for the winning pin. It feels violent, exhausting and final in exactly the way the feud requires.
An all-time feud-ending war and one of the strongest matches of the Attitude Era.
05Steven Richards def. Jerry LawlerF
Richards versus Lawler is built almost entirely around the stipulation involving The Kat and Right to Censor, leaving the wrestling secondary from the opening bell. Lawler controls enough of the match to make the crowd believe the stipulation may break his way, but Ivory's presence and the looming possibility of interference keep pulling attention away from the action. The decisive mistake comes when The Kat accidentally strikes Lawler with the WWF Women's Championship belt, allowing Richards to score the pin and force her into Right to Censor. The angle has storyline consequences, but the five-minute match offers very little beyond getting to that result.
A stipulation-driven angle with minimal wrestling value.
06The Dudley Boyz def. The Brothers of Destruction and Edge & Christian — Tables Match for the WWF Tag Team ChampionshipB
The three-team tables match gives the undercard another strong burst of action without trying to recreate the ladder and TLC epics associated with the division. The Dudleys bring the table offense, Edge and Christian supply speed and opportunism, and Undertaker and Kane change the physical scale whenever they enter. Rikishi and Haku interfere to remove the Brothers of Destruction from the decisive stretch, leaving the established tag teams to settle the finish. The Dudleys catch Christian with the 3D through a table and retain the championship. The interference keeps it from reaching the division's highest tier, but the match is fast, clear and crowd-friendly.
A very good tables sprint with strong team contrast and a satisfying retention.
07The Rock def. Kurt Angle — WWF ChampionshipA
Angle and Rock close the show with a championship match that combines excellent wrestling with the urgency of WrestleMania season. Angle repeatedly attacks Rock's ankle and survives several momentum swings, while Rock keeps finding ways to create one more explosive opening. Big Show's interference briefly threatens to derail the match, but the wrestlers recover and produce a strong closing run around the Ankle Lock, Angle Slam, People's Elbow and Rock Bottom. A referee-count mistake after the first Rock Bottom creates an awkward moment, yet Rock immediately lands another and wins the WWF Championship cleanly. The result sends the correct champion toward WrestleMania X-Seven and gives Angle's first reign a worthy ending.
An excellent world-title main event that sends Rock to WrestleMania with real momentum.
BOOKING VERDICTA
The event succeeds because its two biggest results are both decisive and strategically placed. Triple H defeating Austin two falls to one gives their rivalry an actual ending without damaging Austin's WrestleMania momentum. Austin wins the straight wrestling fall, Triple H takes the street fight, and the cage finish comes only after both men simultaneously use weapons. Triple H falls onto Austin for the pin, allowing him to claim the victory while Austin still looks every bit like the man headed to the WrestleMania main event.
Rock defeating Angle is even more straightforward. The WrestleMania story requires Rock to carry the WWF Championship into Houston, and the match gives Angle a strong final defense before the title changes hands. The referee's mistaken count after the first Rock Bottom is an obvious blemish, but the immediate second Rock Bottom restores the intended clarity.
Elsewhere, Jericho retaining the Intercontinental Championship protects his momentum, and the Dudleys' tables victory keeps their title run moving toward WrestleMania's TLC rematch. The weak spots are mostly isolated: Big Show-Raven is frantic title-switch chaos, while Richards-Lawler exists to resolve the Kat stipulation. The important booking lands exactly where it needs to.
CROWD & PRESENTATIONA
The Las Vegas-area crowd understands the hierarchy of the card and reacts accordingly. The Intercontinental Championship four-way heats the building early, Stephanie and Trish receive better investment than their match would have received on paper, and the atmosphere changes completely once Austin and Triple H begin their three-stage fight.
That match is presented as a genuine feud climax. The first fall feels controlled enough that the street fight has somewhere to escalate, and the move into the cage creates a final visual shift rather than simply repeating the same brawl. Weapons, blood, ringside damage and the enclosed structure give each stage a distinct identity while maintaining continuity from one fall to the next.
The main event then resets the presentation around championship wrestling. Angle and Rock are given enough time to build a traditional title match before Big Show's interference and the finishing sequence. The referee's accidental two-count after what was meant to be the finish is awkward, but Rock's second Rock Bottom lets the broadcast recover quickly. The final image of Rock with the WWF Championship feels appropriately large because the entire evening has been framed as the last major step before WrestleMania.
HISTORICAL SIGNIFICANCEB+
No Way Out 2001 matters because it completes the final major pieces of WrestleMania X-Seven. The Rock regains the WWF Championship from Kurt Angle, formally setting the stage for Rock versus Stone Cold Steve Austin in Houston. Austin's three-stage war with Triple H closes their feud just before both men move into new WrestleMania programs.
The event also produces one of the defining Attitude Era rivalry matches. Austin versus Triple H is widely remembered as the first Three Stages of Hell match and received a published historical rating of 4.5 stars, while Rock versus Angle reached 4.25 stars. Chris Jericho's four-way Intercontinental Championship defense gives the card a third major critical success.
Later retrospectives routinely place No Way Out 2001 among the best events of its series and among the strongest WWF pay-per-views of the era. Its reputation is strengthened by context: one month after an excellent Royal Rumble and one month before WrestleMania X-Seven, the WWF still delivered a show with multiple matches remembered decades later.
WHAT AGED WELL
- Triple H versus Stone Cold Steve Austin remains an exceptional feud-ending match because each fall changes the environment and raises the level of violence without resetting the story.
- Rock versus Angle has aged well as a championship match. The referee mistake is obvious, but the wrestling before it and the decisive second Rock Bottom preserve the match's quality.
- The Intercontinental Championship four-way still feels remarkably efficient. Four elite workers get just over twelve minutes and produce a match with almost no wasted movement.
WHAT AGED POORLY
- Big Show versus Raven is so overloaded with 24/7 title changes and interference that the actual championship match barely has room to exist.
- Steven Richards versus Jerry Lawler revolves around a stipulation involving The Kat that has aged badly and offers little wrestling value even within its original context.
- The WWF Championship finish includes a visible referee-count mistake after the first Rock Bottom, an error that briefly disrupts what had been an excellent closing sequence.
RESEARCH VERDICTWhere the Evidence Lands
The critical consensus is extremely strong. TJR Wrestling rates No Way Out 2001 at 8.5 out of 10, J.D. Dunn's 411Mania retrospective gives it an 8.0, and Kevin Pantoja later rates it 9.0. The exact Cagematch event page sits in the mid-eight range, while historical rankings from WhatCulture, TheSportster and TJR place the event among the strongest pay-per-views of its period.
The match-level record explains why. ProFightDB lists Triple H versus Stone Cold Steve Austin at 4.5 stars and Rock versus Angle at 4.25, and reviews from Scott Keith, Slam Wrestling, KB Wrestling Reviews, Inside Pulse, Culture Crossfire and others repeatedly identify those matches as major strengths. The Intercontinental Championship four-way adds another highly praised match, giving the show unusual depth near the top.
An A / 9.1 reflects a card with three excellent-to-elite matches, two useful supporting matches and two clear weaknesses. It does not have the wall-to-wall consistency of the very highest-ranked WrestleFile events, but the combination of match quality, storyline payoff and immediate historical consequence makes it one of the strongest WWF pay-per-views of 2001.
RESEARCH SOURCESSources & Methodology20 sources
These sources support the event record, historical context, critical reception, and streaming information used throughout this Event File.
- TJR WrestlingFull-card review and 8.5 overall event rating
- 411ManiaJ.D. Dunn full-card retrospective and 8.0 event rating
- Blog of DoomScott Keith retrospective and match-level analysis
- Bleacher ReportHistorical full-event retrospective
- Bleacher ReportHistorical ranking of the event's major moments
- WhatCulturePlacement within WWF's 2001 pay-per-view schedule
- ProFightDBExact-event card, results and historical match-rating cross-check
- The Wrestling RevolutionFull-card numerical match grading
- The Wrestling RevolutionAlternate archived full-card review
- WrestlingSmarksHistorical fan-review context and event reputation
- Slam WrestlingContemporary event report and match grading
- KB's Wrestling ReviewsFull-card retrospective and Three Stages of Hell assessment
- CagematchExact-event fan rating, card, venue and attendance cross-check
- WWEOfficial No Way Out 2001 results and card cross-check
- IMDbHistorical audience-review context
- TheSportsterHistorical ranking among No Way Out events
- Online World of WrestlingHistorical results cross-check
- Inside PulseHistorical full-card retrospective
- Culture CrossfireFull-card retrospective and match grades
- 411ManiaAlternate full-card retrospective and grading context
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