Ted DiBiase, known as the "Million Dollar Man" during his very successful run with the WWF, is the 2007 recipient of the Frank Gotch Award. The award is given annually to a person who has brought prestige and positive recognition to professional wrestling through work outside of the ring.

The son of Mike DiBiase, 2006 hall of famer, and Helen Hild, who also wrestled, Ted began his pro career in 1975. After joining the WWF, he adopted "The Million Dollar Man" persona and wrestled in some of the biggest arenas in the world, including Madison Square Garden, The Superdome, The Skydome, The Tokyo Dome, and Wembly Stadium. A neck injury ended his active career at the end of 1993 and he become a ringside manager and commentator.

Today, Ted is a full time evangelist and motivational speaker and has authored a book about his life entitled "Every Man Has His Price." Officially ordained into the ministry, he speaks to church congregations, youth groups, men's meetings, corporate businesses, and in public schools all over the country.

In addition, Ted is also a spokesperson for and board member of "The Sunshine Foundation," a group that grants wishes to and tries to meet the needs of terminally ill and handicapped children. His impact has extended far beyond the roped ring of wrestling.