– We noted before that there was talk within WWE that the company would add another 6 months to CM Punk’s contract when it expires in a few days, similar to how they did with Rey Mysterio as there’s a clause that says WWE can extend contracts if a talent is out of action for so long.
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The belief this week is that since it’s not really in anyone’s best interest, WWE won’t be forcing the extension.
Punk owns the rights to his name and as noted, already has an appearance lined up for AXS TV after his WWE contract expires. It’s worth mentioning that Punk is back to using his ring name after using his real name Phil Brooks on Talking Dead a few months back.
Source: F4Wonline.com
