Complex sentence: After losing the title, Peters took another hiatus before debuting in New Japan Pro Wrestling under his Fire Cat name on March 4,1992, losing a tag team match with Richard Slinger to Lt. James Earl Wright and Sgt. Buddy Lee Parker.
Split into simpler sentences: After losing the title, Peters took another hiatus before debuting in New Japan Pro Wrestling under his Fire Cat name on March 4,1992. He and Richard Slinger lost a tag team match to Lt. James Earl Wright and Sgt. Buddy Lee Parker.