The main event was a interpromotional tag team match between Batista and The Undertaker (from SmackDown!) and John Cena and Shawn Michaels (from Raw). Cena and Michaels won the match after Cena pinned Undertaker following an FU. The main match on the undercard was an interpromotional Six-man tag team match between the team of Chris Benoit and The Hardys (Matt and Jeff) and the team of MNM (Joey Mercury and Johnny Nitro) and Montel Vontavious Porter, which was won by the Hardys and Benoit after Benoit forced Mercury to submit to the Crippler Crossface.
The main feud heading into No Way Out was between SmackDown!'s World Heavyweight Champion Batista and his partner, The Undertaker, and Raw's WWE Champion John Cena and Shawn Michaels. This feud began after Undertaker won the 2007 Royal Rumble match. The following week on an episode of SmackDown!, the two world champions demanded an answer from Undertaker as to who he would face at WrestleMania, but Michaels interfered, as he also wanted an answer from Undertaker. As they awaited the arrival of Undertaker, Vince McMahon, the WWE Chairman, made an appearance and announced an inter-promotional tag team match between the two pairs of brand representatives. On the February 5, 2007 episode of Raw, Undertaker made his decision to face World Heavyweight Champion Batista at WrestleMania 23, sending a message through a chokeslam. Michaels then became Cena's challenger at WrestleMania 23 after winning a triple-threat match that also featured Randy Orton and Edge. On the February 15, 2007 episode of Raw, the brand representatives were pitted in an eight-man tag-team match against Rated-RKO (Orton and Edge), Mr. Kennedy, and Montel Vontavious Porter in which the brand representatives were victorious. The Raw representatives went on to win the World Tag Team Championship, although Michaels made many attempts to superkick Cena during the road to No Way Out. On the February 16, 2007 episode of SmackDown!, Undertaker and Batista again teamed up to face Rated-RKO and were victorious via pinfall.
The secondary feud heading into No Way Out was between Chris Benoit and The Hardys against MNM and Montel Vontavious Porter (MVP). This feud began shortly after MNM reformed, when they challenged the reunited Hardys at December to Dismember in a losing effort. They then continued to wrestle on episodes of Raw, ECW, and SmackDown! until Armageddon, when Mercury suffered a legitimate severe facial injury. On the February 16 edition of SmackDown!, SmackDown General Manager Theodore Long announced a ladder match between Paul London and Brian Kendrick, Dave Taylor and William Regal, MNM, and The Hardys for the WWE Tag Team Championship, but WWE's official website announced the match had changed to pit The Hardys and Chris Benoit against MNM and MVP, while Brian Kendrick and Paul London faced Deuce 'n Domino in a separate match. Benoit and MVP were added to the match on short notice, as they were not feuding at the time.
The third feud heading into No Way Out was between Kane and King Booker. This feud began during the 2007 Royal Rumble match when Kane eliminated King Booker from the match, but Booker returned unofficially to eliminate Kane. The feud continued on the February 2, 2007 episode of SmackDown! during King Booker's Key to the City ceremony in Houston, Texas, when Kane interrupted the ceremony and attacked King Booker. After they continued to feud during the weeks leading up to No Way Out, Theodore Long booked a match between the two at No Way Out. On the February 16, 2007 episode of SmackDown!, King Booker mocked Kane by dishonestly reviewing Kane's See No Evil movie, but Booker ran out when Kane came in to attack him.
The fourth feud heading into No Way Out was between Bobby Lashley and Mr. Kennedy. This feud began on the February 23 episode of SmackDown! when Lashley made a guest appearance to visit Theodore Long. Mr. Kennedy voiced his opinion to Lashley, reminding Lashley that he had beaten him before and claiming that he could to it again. Long then scheduled a match between the two for the ECW World Championship at No Way Out after contacting ECW officials.
|John "Bradshaw" Layfield|
|Ring Announcer||Tony Chimel|
The next match was a Cruiserweight Open for the WWE Cruiserweight Championship. The match began with Scotty 2 Hotty against Daivari; Hotty eliminated Daivari via pinfall after performing the Worm. The Cruiserweight Champion, Gregory Helms, then entered the match and eliminated Hotty via pinfall after he performed a Double knee facebreaker on Hotty. Funaki was the next participant to enter the match; however, he was eliminated via pinfall after Helms executed a Crossbody into a pin while holding onto Funaki's tights. Shannon Moore was the fifth entrant into the gauntlet, but was eliminated via pinfall after Helms performed a Double knee facebreaker on him. Jimmy Wang Yang, the sixth entrant, eliminated Helms via pinfall after performing a Hurricanrana pin. Jamie Noble was the seventh entrant into the Gauntlet match, but he was eliminated via pinfall after Yang performed a moonsault into a pin. The final entrant, Chavo Guerrero, pinned Yang after a frog splash, thus winning the match and becoming the new WWE Cruiserweight Champion.
The third match was a Mixed tag team match between the team of Finlay and Little Bastard and the team of The Boogeyman and Little Boogeyman. The match started off with Finlay against The Boogeyman while Little Bastard hid under the ring. Finlay gained the advantage over Little Boogeyman as he threw him over the top rope onto ringside, where Little Bastard pulled Little Boogeyman under the ring. As Little Bastard finally entered into the ring, he ran out to ringside in fear of The Boogeyman, which led to The Boogeyman chasing him around the ring. This distracted the referee, allowing Finlay to hit Little Boogeyman with a shillelagh, after which Finlay covered him for the win.
The next match was the encounter between King Booker and Kane. The match started off with Kane gaining the advantage over Booker, which he held throughout the beginning of the match. Kane then attempted a chokeslam, but Booker contered the maneuver into a Scissors kick. Kane, however, managed to counter this with a clothesline. Queen Sharmell, who was at ringside in Booker's corner, distracted Kane, allowing Booker to hit him with a heel kick. Kane retaliated by performing a chokeslam on Booker and covering him to win the match via pinfall.
The fifth match was a Tag team match for the WWE Tag Team Championship between Deuce 'n Domino and the defending champions, Paul London and Brian Kendrick. There was back and forth action between the teams in the beginning of the match; however, Deuce 'n Domino gained the advantage over Kendrick and London, as they focused on wearing down London, not allowing him to tag in his partner. London was eventually able to tag Kendrick into the match, sfter which Domino attempted an aerial attack from the top rope. He missed Kendrick with the attack, however, allowing Kendrick to roll him up for the pin. As a result, London and Kendrick won the match and retained the WWE Tag Team Championship.
The sixth match was an ECW World Championship match between defending champion Bobby Lashley and Mr. Kennedy. As Kennedy made his entrance towards the ring, Lashley attacked Kennedy in the aisle, delaying the start of the match. When Lashley and Kennedy finally entered the ring, Kennedy attempted many submission holds to no avail, but he continued to attack Lashley in an attempt to keep him from getting up. Kennedy then left the ring to get a steel chair, but Lashley took the chair and attacked Kennedy with it, which caused the referee to end the match as a result of a disqualification. Kennedy won the match, but due to WWE rules, Lashley retained the ECW World Championship. After the match, Lashley hit Kennedy with a steel chair repeatedly until WWE officials ran in to control Lashley.
After the sixth match, there was a Diva Talent Invitational hosted by The Miz, featuring divas from SmackDown! and Raw as well as vixens from ECW. First, Extreme Expose danced to Rich Boy's Boy Looka Here. Next, Jillian Hall sang a song, but The Miz stopped her from continuing. Candice Michelle, Ariel, and Maria came out next, but before they presented their talent, a catfight broke out among the three divas. Ashley then came out, but before she made her way down to the ring, she took her top off to reveal her breasts covered with pasties in the form of the Playboy logo. The Miz then declared Ashley the winner of the Diva Talent Invitational.
After No Way Out, The Undertaker continued his feud with Batista over the World Heavyweight Championship. At WrestleMania 23, he pinned Batista to win the title. Shawn Michaels, however, was unable to win the WWE Championship, as he submitted to John Cena's STFU at WrestleMania 23. After Kane defeated King Booker at No Way Out, the two continued to feud on SmackDown! in a Money in the Bank qualifying match on February 23, 2007. The feud, however, ended after Booker defeated Kane to qualify for the Money in the Bank ladder match. Kane then began a feud with The Great Khali, who came out to the ring to attack Kane after the match. At WrestleMania 23, however, Kane lost to Khali via pinfall.
After No Way Out, The Hardys qualified for the Money in the Bank ladder match at WrestleMania 23 but were unsuccessful in winning the match, as Mr. Kennedy won it. Chris Benoit and Montel Vontavious Porter began a feud over the WWE United States Championship, and Benoit successfully defended his championship against Porter at WrestleMania 23. After this event, MNM's reunion ended, as Joey Mercury was released by WWE on March 26, 2007. After Bobby Lashley was disqualified at No Way Out, he was chosen to represent Donald Trump at WrestleMania 23 against Vince McMahon's representative, Umaga, in the Battle of the Billionaires: Hair vs. Hair match. Lashley won the match at WrestleMania and the right for Trump to shave McMahon's head.
|Rob Van Dam defeated Shelton Benjamin.||Singles match||10:55|
|1||Chris Benoit and The Hardys (Matt and Jeff) defeated Montel Vontavious Porter and MNM (Joey Mercury and Johnny Nitro) (with Melina).||Tag team match||14:19|
|2||Chavo Guerrero defeated Scotty 2 Hotty, Daivari, Gregory Helms (c), Funaki, Shannon Moore, Jimmy Wang Yang, and Jamie Noble.||Cruiserweight Open for the WWE Cruiserweight Championship||15:49|
|3||Finlay and Little Bastard defeated The Boogeyman and Little Boogeyman.||Mixed Tag Team match||06:45|
|4||Kane defeated King Booker (with Queen Sharmell).||Singles match||12:58|
|5||Paul London and Brian Kendrick (c) defeated Deuce 'n Domino (with Cherry).||Tag team match for the WWE Tag Team Championship||08:06|
|6||Mr. Kennedy defeated Bobby Lashley (c) by disqualification.||Singles match for the ECW Championship||15:25|
|7||John Cena and Shawn Michaels defeated Batista and The Undertaker.||Tag team match||22:09|