Fans talked a lot about CM Punk reportedly trying to restructure his WWE deal after his return to WWE in November at the Survivor Series PLE.
WWE had to change plans for Punk as he was supposed to challenge Seth Rollins for the World Heavyweight Title at WrestleMania XL. Because of a torn triceps, Punk was out of the bout and has since entered into a program with Drew McIntyre, where he has screwed the fellow former WWE Champion out of the title on three different occasions.
Ibou of WrestlePurists first reported that Punk is trying to get his deal restructured. He also noted that he believes Punk is currently under a 3-year deal.
While speaking on Wrestling Observer Radio, Dave Meltzer noted Punk is under a short-term deal that is expiring, and the two sides are working on an extension. The current deal does have rollovers, so there’s no deadline for getting a new deal done.
Meltzer said, “So there’s the story going around about CM Punk renegotiating his contract. It’s really overblown. What happened when CM Punk came in, they had a short-term deal which is expiring now. Now there are rollovers in the deal, so there’s not a hurry that they have to sign him because the deal goes longer. But they knew all along that right around now would be when they would be renegotiating any deals…It was kind of known that that was going to happen now. Everyone is getting along fine. There’s nothing wrong with it or anything like that. It’s a story, but it’s not a story that everybody thinks it is….they’re just hammering down the terms that everyone knew they were going to do at a certain point…..basically get everyone back on the page because they both know where they want to be. Hopefully, [he] doesn’t get hurt again, obviously. But he’s in a good position.”
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