For this challenge, there are a good list of people based on actual wrestlers that can be used.
(80s)
Jobbers: The Schmuck (He is based on Andy Kaufman, who did wrestle once upon a time against Jerry Lawler)
Openers: Chet Skye, Jessie Wild, Yuppie VP, Mark Bugg, Mike Bugg
Midcarders: Chameleon Kid (maybe), Doberman Denny, Doberman Duke, Gepetto Rocco, Haka Tonga, Juan Tijuana, Mad Arab, Mercenary, Pelvis Pressly (Honky Tonk Man), Ruffules, Spazz, The Schmuck (Ladies)
Upper Mid-Carders: Damon Van Winkle, Devin Van Winkle, Dicky Thunderbird, Exotic Rick, Fireball, Mr. Tycoon, O' Hooligan, Reptile Ranger, Terry Van Winkle
Main Eventers: Almighty Dolla, Dr. B (Based on Mr. T who did wrestle at Wrestlemania 1), Gorgon Tokoro, Jet Set Strutter (Bad), Valedictorian, Lazer, Lyndi Harker, Pierre the Enormous
Legendaries: Average Guy, Buzzsaw, Dude Brohan, Enormous Pierre, Jet Set Strutter (Good), Memphis Prince
In 1983, Flawless One gets added to the roster.
In 1984, Grand Manga is added.
In 1985, Valedictorian (Bad) turns to Valedictorian (Good), Kezziv, Rod Nada, Flex Deltoid, Chicano, Jupiter, and Overload are added. O'Hooligan (Bad) turns into O'Hooligan (Good).
In 1987, Vin Voltage and Masakari are added.
In 1989, King V is added and Average Guy '89 replaces Average Guy '80.
In 1990, the roster basically does a hard reset, but you'll have the following wrestlers.
Jobbers: The Schmuck
Openers: Chet Skye, Jessie Wild, Yuppie VP, Mark Bugg, Mike Bugg, Juan Tijuana (90s)
Midcarders: Beer Can Man, Chameleon Kid (maybe), Chopper, Cutthroat, Destruction Crash, Fireball, Haka Tonga, Mad Arab, Magnifico, Pharoh, Quan, Rager Gage, Ronnie Believer, Ruffules, Spazz, Tatters Gage, The Schmuck (Ladies)
Upper Midcaarders: Average Guy '89, Big Rig (Tweener), Cabb, Chicano, Devin Van Winkle, Dicky Thunderbird, Dragonfly (Flyer), Exotic Rick, Flex Deltoid, Great Ginzu, Magnifico (Yellow), Magnus Muscle, Masakari, Overload, Reptile Ranger, Suicide, Terry Van Winkle, The Doberman, Valkyrie (Good), VTC
Main Eventers: Almighty Dolla, Dr. B, Big Rig (Showman), Buzzsaw, Dude Brohan, Flawless One, Gorgon Tokoro, Grand Manga, Jet Set Strutter, Jupiter, King V, Lazer, O'Hooligan, Pierre the Enormous, Samson, Sumo San, Troglo, Valkyrie (Tweener), Vin Voltage
Legendaries: Ace of Spades, Memphis Prince, Mercenary, Mr. Fantasy, The Hunk, Undermaster
In 1991, Dr. B is replaced with the Big Bad Doctor. HFK replaces Chet Skye and Jessie Wild gets a new card.
In 1992, Memphis Prince is replaced with his Upper-Mid Card counterpart.
In 1993, Ruffules and Terry Van Winkle leave the federation.
In 1994, Dragonfly (Rassler) is added.
In 1995, Blockbuster Brohan, Chicano (Bad), HFK '95, VTC '95, Undermaster '95, and Silvergod are added, Lazer '80 is replaced with Lazer '95.
The Blade Blasters are here as well, but I didn't add them because that's basically cheating your tag team division, which you don't even need to do.
There, I solved your challenge.