Edge was brought to Detroit on Monday to negotiate a new contract with WWE officials. It had been reported that Edge's contract with WWE was ending soon, something he even mentioned on RAW last night.
Word is that WWE was very unhappy that word got out that Edge's contract was coming to an end, and according to sources, rumors going around are that WWE tried to low ball Edge in prior negotiations.
Shawn Michaels is under a WWE contract, which pays him in the neighborhood of $300,000 a year. Mick Foley also has a contract with the company, and is said to make "a little less" than Michaels. It is believed that Edge's offer isn't even close to Mick Foley's.