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Million Dollar Champion crowned at NXT TakeOver: In Your House

At NXT TakeOver: In Your House tonight, WWE crowned the first Million Dollar Champion in more than 10 years.

LA Knight became the new Million Dollar Champion when he defeated Cameron Grimes in a ladder match at tonight's TakeOver event. As Grimes appeared to be on the verge of winning the match, Knight pushed over the golden ladder that Grimes was on. Grimes went crashing through a ladder that was bridged above the ramp. Knight then set the golden ladder back up, climbed it, and retrieved the case that the Million Dollar Championship was in.

Ted DiBiase watched the ladder match from ringside and then presented the Million Dollar Championship to Knight after he won.

Leading into TakeOver, Knight and Grimes had each been vying for DiBiase to choose them as the wrestler to carry on his Million Dollar legacy. DiBiase announced the return of the Million Dollar Championship on last week's NXT.

The Million Dollar Championship was first introduced by DiBiase as an unofficial title in 1989. The title has previously been held by DiBiase, Virgil, The Ringmaster (Steve Austin), and Ted DiBiase Jr.

Knight (formerly known as Eli Drake) arrived in NXT when he made his debut during the pre-show for TakeOver: Vengeance Day this February.