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WWE Co-CEO Nick Khan has signed a new long-term deal with the company.

In the latest edition of the Wrestling Observer Newsletter, Dave Meltzer reported that the deal was signed on October 19 and runs through August 5, 2025.

The terms of the deal include a base salary of $1,350,000 per year, and there are more components to his compensation package. Khan will receive stock grants of $3,575,000 per year and has an annual target bonus of an additional $2,160,000.

Khan received $15 million in stock when he joined WWE in 2020 as company President.

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Since then, he quickly became one of the most powerful players in the entire pro wrestling industry and now serves as Co-CEO along with Stephanie McMahon following the resignation of Vince McMahon earlier this year.

Khan has helped lead WWE during a very important time while helping the company secure various lucrative business deals. Before signing with WWE as an executive, Khan represented WWE during its negotiations with FOX and NBCUniversal for its current television rights deal.