Major Update on CM Punk's Expiring Contract and WWE Payback Plans

WWE Superstar CM Punk’s days in the company may be coming to an end, and PWInsider.com reports that the company also may milk every bit of him that they can.

The site reports that the Payback pay-per-view will once again be held in Chicago, Ill., as it was last year. As many are aware, Chicago is the hometown of the former WWE Champion of 434 days. Last year, the event was built primarily around his return after a few months off from the ring. But things could be different this time around.

Punk’s contract reportedly expires in July of this year, one month after the event is held. As we mentioned earlier this month, there are supposedly major plans for CM Punk going forward for this upcoming summer, which may even include a follow up to the 2011 “Summer of Punk” storyline that was featured on WWE television. If this is the case, Payback will likely once again be primarily focused around him.

In that story, Punk walked out on WWE following the Money in the Bank pay-per-view, also held in Chicago. It is possible WWE may try something similar, especially as he is currently locked in a feud with The Authority. This current feud may lead to a match at WrestleMania with Triple H.

While many do expect Punk to re-sign, he has mentioned in the past he will walk away when he wants to and does not wish to become someone living in the past. It will be interesting to see this latest saga unfold.

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