CM Punk’s Contract Expires This Month
As we have been reporting for some time now, CM Punk’s contract with WWE officially expires in July with some sources quoting it to end on or around 17th of this month.
It will be interesting to see what WWE will do, some speculate they may resign Punk for up to one year enforcing a clauses which is written into talent contracts that stipulates the company has the option to extend a wrestlers contract if they have not performed for an extended period of time. In the case of Rey Mysterio, WWE Chairman Vince McMahon was reportedly behind extending his due to time he missed through injury.
If WWE decides to keep Punk under contract for another year it doesn’t necessarily mean he has to return to television, simply it’s a business move to stop Punk going to rival promotions and competing.