After watching a very interesting video on youtube, it seems as if Hogan was not to blame for Ted not getting the title.
We can all blame The Honky Tonk Man.
It seems as if Honky was meant to drop the IC belt to Savage and then Ted would of gone on to win the WWE title but it seems Honky was unwilling to drop the belt after negotiations with another company and informing Vince of this it seems Vince decided to keep the IC belt on Honky and promote Savage to the world title leaving dibiase in the cold.
Here is the proof:
YouTube - Rizaven and Hizonkytonk Pt1
So its not always Hogan!