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Did you hate him as a commentator in the 80's? I mean yeah dude's a fucking nutjob and a garbage person now but he was a big name back then and the idea of WWE being able to make money off of his Name, Image and Likeness is logical.
I wouldn't put him on live TV. I probably wouldn't even have...
It sounds like it's a Legends Deal. If that's the case than that's great.
That means he can be put in the Video games, get action figures, and they could make merch if they so desired. I fail to see the issue here. It's not like they're signing him to be a full time commentator or something.