- Billy Kidman vs. Matt Hardy — WWE Cruiserweight Championship
- Brock Lesnar & Chris Benoit vs. Team Angle — Handicap Match
- Stone Cold Steve Austin vs. Eric Bischoff
No Way Out 2003: Three Huge Returns Cannot Turn a Transitional Show into a Classic
The factual record, historical context, match-by-match analysis, and WrestleFile verdict.
- PROMOTION
- WWE
- DATE
- February 23, 2003
- VENUE
- Bell Centre
- LOCATION
- Montreal, Quebec
- ATTENDANCE
- 15,100
- EVENT TYPE
- PPV
No Way Out 2003 looks much bigger on paper than it feels as a complete wrestling event. Stone Cold Steve Austin returns, The Rock and Hulk Hogan revisit WrestleMania X8, and The Undertaker works his first pay-per-view singles match after returning from injury, but the card is mostly transitional material on the road to WrestleMania XIX. The best wrestling comes from Brock Lesnar and Chris Benoit against Team Angle, with Matt Hardy and Billy Kidman providing a strong supporting title match.
Read the Full FileContinue the event-level analysis
Triple H and Scott Steiner remain a major negative anchor, while Rock-Hogan II is remembered more for Montreal atmosphere and an interference-heavy finish than for great wrestling. A C-plus / 6. 6 recognizes a card with star power, useful WrestleMania setup and several good matches without mistaking name recognition for consistent quality.
Event ContextBackground, stakes & historical setting
No Way Out 2003 took place on February 23 at the Bell Centre in Montreal, Quebec, Canada, before an announced crowd of 15,100, with approximately 450,000 pay-per-view buys reported. It was the fifth No Way Out, the first edition held under the WWE name and the first staged after the original Raw-SmackDown brand split. It was also WWE's first pay-per-view in Montreal since the 1997 Survivor Series and the Montreal Screwjob.
Eight matches aired on pay-per-view, while Mark Henry against John Cena was held as a dark match and Rey Mysterio against Jamie Noble aired on Sunday Night Heat. The main card featured Chris Jericho against Jeff Hardy, a World Tag Team Championship match, Billy Kidman against Matt Hardy for the Cruiserweight Championship, Undertaker against Big Show, Brock Lesnar and Chris Benoit against Team Angle, Triple H against Scott Steiner for the World Heavyweight Championship, Stone Cold Steve Austin against Eric Bischoff and The Rock against Hulk Hogan. Edge had originally been scheduled in the Team Angle match but was removed because of a serious neck injury.
The event is fundamentally a WrestleMania bridge. Lesnar and Angle continue moving toward their WWE Championship match, Austin's return leads directly toward another Rock rivalry, and the Hogan-Rock finish pushes Hogan into a program with Vince McMahon. That makes the show historically useful even when the individual matches do not consistently reach pay-per-view quality.
Watch, Skim or Skip?
- Chris Jericho vs. Jeff Hardy
- The Undertaker vs. Big Show
- Hulk Hogan vs. The Rock
- William Regal & Lance Storm vs. Kane & Rob Van Dam — World Tag Team Championship
- Triple H vs. Scott Steiner — World Heavyweight Championship
The Card, On the Record
01Chris Jericho def. Jeff HardyB-
Jericho and Hardy give No Way Out a solid opening match by leaning on a simple contrast between Jericho's control and Hardy's ability to create sudden momentum. Hardy remains popular enough that his comeback spots carry the crowd, while Jericho is experienced enough to keep the match organized without turning the opener into a collection of disconnected risks. The finish is decisive when Jericho forces Hardy to submit to the Walls of Jericho, which gives the heel a meaningful win and avoids the kind of interference-heavy ending that hurts several later matches on the show. It is not a classic and does not need to be. As a thirteen-minute opener, it establishes a competent baseline for the card.
A good, straightforward opener that gives Jericho a clean submission win and the show an immediately credible wrestling match.
02William Regal & Lance Storm def. Kane & Rob Van Dam — World Tag Team ChampionshipC+
Regal and Storm against Kane and Rob Van Dam has enough talent to be interesting, but the match never becomes more than a functional Raw tag-title defense. Van Dam provides the pace, Kane gives the challengers power, and the champions rely on positioning and opportunism instead of trying to match the babyfaces athletically. The finish is clever enough for the story when Storm pulls Kane's mask, leaving Kane unable to see and causing him to chokeslam Van Dam by mistake. Storm then pins Van Dam to retain, which protects the champions while creating friction on the losing side. The angle works better than the wrestling, leaving the bout respectable but firmly in the middle of the card.
A competent tag-title match whose accidental-partner finish is more memorable than the wrestling around it.
03Matt Hardy def. Billy Kidman — WWE Cruiserweight ChampionshipB
Kidman and Hardy produce one of the card's stronger undercard matches because the championship stakes and Hardy's weight-cut storyline give a clear reason for both men to wrestle with urgency. Kidman is the cleaner high flyer, Hardy brings more character and physicality, and the contrast keeps the match from feeling like a generic cruiserweight showcase. The decisive sequence is memorable when Hardy catches Kidman and lands a Twist of Fate from the top rope to win the championship. The title change gives the match consequence without requiring outside interference, and the nine-minute runtime keeps everything tight. It is a very good supporting match and one of the easier pieces of the show to recommend.
A strong cruiserweight title change with an inventive finish and enough urgency to stand out on an inconsistent card.
04The Undertaker def. Big ShowC+
Undertaker and Big Show work a slow, physical match that depends heavily on size, history and crowd investment rather than pace. The feud has been built around Big Show putting Undertaker out of action, so the match carries more story weight than the bell-to-bell quality alone would suggest. Undertaker survives the heavyweight offense and eventually traps Show in a triangle choke, forcing a technical submission and giving the returning veteran a decisive victory. The finish is useful because it lets Undertaker win without needing a conventional pin and makes the submission feel like punishment for the earlier attacks. Fourteen minutes is a little long for the style, but the rivalry gives the match enough purpose to stay above average.
A deliberate heavyweight grudge match carried by storyline stakes and a decisive Undertaker submission win.
05Brock Lesnar & Chris Benoit def. Team Angle — Handicap MatchA-
The handicap tag is the best wrestling match on No Way Out because the talent level is high enough to overcome Edge's late removal from the bout and turn the numerical disadvantage into a useful story. Lesnar supplies explosive power, Benoit provides the technical center, and Kurt Angle, Shelton Benjamin and Charlie Haas work like a unit rather than three unrelated opponents. The match also matters because it keeps the WrestleMania XIX title program moving without giving away Lesnar against Angle in a full singles match. Benoit ultimately forces Haas to submit to the Crossface, giving the babyface side a clean victory despite being outnumbered. It is not the defining match of the Lesnar-Angle rivalry, but it is easily the strongest complete bout on this card.
The night's best match, using the handicap structure to enhance rather than dilute the Lesnar-Angle WrestleMania build.
06Triple H def. Scott Steiner — World Heavyweight ChampionshipD
Triple H and Scott Steiner improve only marginally on their Royal Rumble disaster, and the rematch still feels like a world-title program WWE is trying to finish rather than one audiences are eager to see. Steiner's offense remains repetitive, Evolution's presence adds interference, and the crowd never fully buys the challenger as the person who should dethrone Triple H. The champion eventually uses the title belt and then lands the Pedigree to retain, giving the feud a cleaner ending than the previous month's disqualification. That is an improvement in booking, not in match quality. As one of the advertised championship attractions, the bout again pulls the event downward and functions as a genuine negative anchor.
A slightly cleaner conclusion than the Royal Rumble match, but still a weak world-title bout that drags on the event's ceiling.
07Stone Cold Steve Austin def. Eric BischoffC-
Austin's first WWE match in eight months is not really structured as a competitive contest, and grading it as though Bischoff were a serious opponent would miss the point. The entire attraction is built around the Montreal crowd getting Austin back, seeing Bischoff punished and hearing the Stunner hit repeatedly after months of storyline anticipation. Austin dominates, deliberately breaks his own pin after the first Stunner and eventually delivers three before ending the match. As a wrestling match, there is very little substance. As a return segment, it succeeds completely, which is why the score stays above outright failure even though the bell-to-bell content is basically an extended squash.
A successful return spectacle rather than a meaningful match, with Austin's comeback reaction doing almost all of the work.
08The Rock def. Hulk HoganC+
The WrestleMania X8 rematch has enormous names and an ideal Montreal atmosphere, but it cannot recreate the organic magic of their first meeting. The Rock's heel presentation gives the match a different flavor and Hogan still generates huge reactions, yet the wrestling is more mechanical and the finish overwhelms the action. The lights go out, Vince McMahon appears, referee Sylvain Grenier becomes part of the scheme and Rock ultimately uses a chair before hitting the Rock Bottom for the win. The result launches the next stage of both men's WrestleMania programs, but it makes this pay-per-view main event feel more like storyline machinery than a satisfying sequel. The crowd and star power keep it watchable; the overbooked finish keeps it from being much more.
A star-heavy sequel with a tremendous atmosphere but nowhere near WrestleMania X8's magic, capped by an overbooked finish.
BOOKING VERDICTC+
The best booking is concentrated around WrestleMania setup rather than pay-per-view closure. Lesnar and Benoit beat Team Angle without requiring Kurt Angle to be pinned, which keeps the champion protected while maintaining Brock's momentum. Austin's one-sided destruction of Bischoff also gives the returning star exactly the reaction and presentation WWE wanted.
The Triple H-Steiner rematch receives a more decisive finish than Royal Rumble, but the underlying program still feels spent. Evolution interference and the title-belt shot add clutter before Triple H finally wins with the Pedigree. The result ends the immediate title challenge without giving Steiner much recovery from the previous month's reception.
Rock-Hogan is the most aggressively story-driven match on the card. The referee scheme, blackout, chair shot and Vince McMahon involvement are all designed to transition Hogan into WrestleMania rather than produce a clean sequel to X8. That direction succeeds as setup, but it lowers the satisfaction of the event's main event.
CROWD & PRESENTATIONB+
Montreal gives No Way Out an atmosphere that is better than the wrestling card underneath it. The building reacts strongly to the major returns, especially Austin, and the city's history with WWE adds tension to every reference to referees, screwjobs and authority figures. That environment helps make several otherwise transitional segments feel more important.
The strongest wrestling match benefits from that engagement without needing spectacle. Lesnar, Benoit and Team Angle get enough crowd investment to make the handicap structure work, while Kidman-Hardy also feels like a proper championship contest rather than filler. Those matches show how effective the event can be when the wrestling is allowed to carry the segment.
The main event relies much more heavily on presentation. Rock's heel character, Hogan's reception, the blackout and Vince McMahon's involvement create memorable images, but the layers of interference also make the conclusion feel manufactured. No Way Out looks and sounds like a major show in Montreal even when the match quality lands closer to average.
HISTORICAL SIGNIFICANCEB-
No Way Out 2003 is historically notable first because Stone Cold Steve Austin wrestles his first WWE match in eight months after his 2002 walkout. The return immediately sets up his final WrestleMania match against The Rock, making the four-minute Bischoff squash far more important as a career waypoint than as a wrestling contest. The event therefore becomes part of Austin's closing chapter as an active full-time performer.
The show also serves as WWE's first Montreal pay-per-view since the 1997 Survivor Series. That history shapes the atmosphere and gives the Rock-Hogan finish extra resonance because referee manipulation and authority involvement are impossible to separate from the city's wrestling identity. The sequel itself does not match WrestleMania X8, but it creates the next step toward Hogan against Vince McMahon.
The brand-split transition is another important marker. This was the final No Way Out to feature both Raw and SmackDown until 2008, with monthly non-major pay-per-views soon moving into the brand-exclusive era. The event matters as connective tissue between Royal Rumble and WrestleMania XIX, even if its historical role is stronger than its complete-show quality.
WHAT AGED WELL
- Brock Lesnar and Chris Benoit against Team Angle remains the best complete wrestling match on the card.
- Matt Hardy's Cruiserweight Championship win over Billy Kidman is a strong supporting title match.
- Stone Cold Steve Austin's return still generates one of the event's biggest emotional reactions.
- The Montreal crowd gives the show an atmosphere stronger than its average match quality.
- The card efficiently advances several major WrestleMania XIX programs.
WHAT AGED POORLY
- Triple H versus Scott Steiner remains a weak world-title match even with a cleaner finish than their Royal Rumble bout.
- The Rock versus Hulk Hogan rematch is heavily overbooked and far below their WrestleMania X8 classic.
- Austin versus Bischoff is essentially a return segment presented as a pay-per-view match.
- Several matches exist primarily to move stories toward WrestleMania rather than to provide satisfying conclusions.
- The event's star power creates expectations the wrestling rarely matches.
RESEARCH VERDICTWhere the Evidence Lands
The retrospective consensus fits the shape of a transitional show. Retro Pro Wrestling describes No Way Out 2003 as a card with major returning names that still is not especially significant or worth seeking out in full, while a later 411Mania review gave the event 5.0 and specifically criticized the world-title match and the gap between atmosphere and actual wrestling. Cagematch's 6.17 event average is more forgiving but still places the show well below elite territory.
That number reflects one clearly strong handicap match, several useful supporting bouts, one very weak world-title match and a pair of marquee attractions whose significance exceeds their wrestling quality. The card has enough competence to avoid a poor grade, but not enough high-end wrestling to justify B territory.
The final C+ / 6.6 reflects a competent card strengthened by Montreal atmosphere, Austin's return, and WrestleMania setup, but held back by Triple H-Steiner and the overbooked Hogan-Rock sequel. The event is better remembered in moments than watched from beginning to end.
RESEARCH SOURCESSources & Methodology16 sources
These sources support the event record, historical context, critical reception, and streaming information used throughout this Event File.
- Pro Wrestling TorchContemporary match-by-match event review
- Retro Pro WrestlingFull-event retrospective and overall significance assessment
- Bleacher ReportHistorical moments and Montreal atmosphere
- IMDbAudience-review context
- AmazonHome-video audience-review context
- DVD TalkDVD retrospective and transitional-event context
- 411ManiaChris Benoit retrospective and Team Angle match context
- CagematchEvent rating, card, date and venue cross-check
- ProFightDBEvent results and historical match-rating cross-check
- Cageside SeatsRetrospective analysis of Triple H versus Scott Steiner
- WhatCulturePlacement among February WWE pay-per-views
- WhatCultureHistorical analysis of the Hogan-Rock finish
- WhatCultureHistorical analysis of Stone Cold Steve Austin's return
- WhatCultureRecognition of Lesnar and Benoit versus Team Angle
- WWEOfficial No Way Out 2003 results archive
- TheSportsterRetrospective placement among No Way Out events
WHERE TO WATCHStream This Event
Stream This Event
The linked Netflix page does not clearly identify the 2003 Montreal event.
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