Kevin Owens has re-signed with WWE, according to reports. Rumours about his contract ending in January 2022 have been circulating for months, and it appears that even some WWE employees anticipated him to leave for another company.
Many fans were astonished by Kevin Owens’ decision to stay with Vince McMahon’s pro wrestling company, but it’s not hard to see why they promised him a sum of money that made it logical for him to sign the contract.
Kevin Owens explains why he renewed his contract
Prior to the news emerging, the former WWE Universal Champion chatted with Pat Laprade of TVA Sports, confirming that he had signed and explaining why. He explained “It was a simple decision because it was the greatest option for my family. It’s always a simple choice when it comes to that.
For the past seven years, WWE has been my home, and I feel at home there. I basically spent most of my professional life there. When you consider all of the wrestling companies in which I’ve competed, WWE is the one where I’ve spent the most time and where I need to remain for the next several years. That’s how I felt, and that’s what I decided.”
The War between WWE and AEW gave rise to this beneficial situation for Owens
Since April 2020, when they began dismissing mass talent, WWE has had to cope with bad headlines. The unfortunate reality is that only the best and brightest are noticed, while many behind-the-scenes and staff members are laid off. However, Vince McMahon has shown zero desire in allowing superstars to join AEW, which has maintained Tony Khan’s ascension packed with an ever-growing all-star roster.
Jim Cornette, on his very own Jim Cornette Experience podcast, stated that WWE should be concerned about AEW after allowing Bryan Danielson, a.k.a. Daniel Bryan, to leave and failing to persuade CM Punk to rejoin. He also detailed why Kevin Owens was offered such a hefty contract by WWE.
A Win-Win situation
For all parties, the agreement makes a lot of sense. Owens will make a lot of cash while on the WWE roster, the travel schedule isn’t as vicious as it once was, and three years isn’t a long time. When his deal ends at 40 years old, if his physique withstands, he can step in again for large money.
WWE can probably afford to pay him millions of dollars each year since other top stars have been rumoured to earn that much, and the corporation is more lucrative than ever. They now have the opportunity to keep one of the world’s most skilled wrestlers on their roster and in their programming.