As we’ve been reporting here on eWn, CM Punk is trying to restructure his WWE deal after returning to the company in November 2023.
On today’s edition of Wrestling Observer Radio, Dave Meltzer reported that Punk is working under a short-term deal that is about to expire, and efforts are underway to negotiate an extension.
The existing agreement allows for rollovers, eliminating the need for a strict deadline to finalize a new arrangement.
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.”
Punk will battle Drew McIntyre next month at WWE SummerSlam 2024.
