Sounds about right. That would be why he kept bouncing from territory to territory. He was good though, held belts everywhere he went.

Good story from his Wikipedia page:

"Before coming to Mid-Atlantic Championship Wrestling, Slater was involved in an incident where Wahoo McDaniel shot him. Slater, McDaniel, Tommy Rich, and André the Giant were at a bar in Tampa when someone in the bar made a comment about Tommy Rich's wife, which angered Rich and McDaniel. The man who had commented about Rich's wife got a knife, and seeing that, McDaniel got out a gun. André and Slater went out to the parking lot and watched the altercation; while watching, McDaniel pistol-whipped the man and when he did so, the gun went off and Slater was hit by the bullet in the leg. Slater told the police that a sniper had shot him; he would return to the ring in just three weeks"