Complex sentence: One of the screenwriters who worked on it was Joe Eszterhas who was paid $500,000 to write his version of the script but he re-wrote it into erotic thriller similar to his previous screenplays which is why it was rejected.
Split into simpler sentences: One of the screenwriters who worked on it was Joe Eszterhas who was paid $500,000 to write his version of the script. However he re-wrote it into an erotic thriller, similar to his previous screenplays, so it was rejected.