Huge Update on Vince McMahon and CM Punk’s Negotiations

According to several WWE sources, tomorrow is “the day” for WWE Chairman Vince McMahon, talent relations executive John Laurinaitis, and CM Punk in regards to Punk’s contract, which expires after the pay per view next Sunday in Chicago.

“This is very much like the Jericho and Jeff Hardy situations,” a insider told passed along this weekend, “Punk’s contract has already expired, but he signed an extension through the pay per view in order to work the main event with Cena in Chicago.”

There are those in WWE who are Punk-detractors, but it’s obvious to management (and, some say, to McMahon) that WWE is sorely lacking in star power with the recent retirement of Edge; HHH and Undertaker off the road; and loss of other talent like Jericho, Batista, MVP and Shawn Michaels to injury, contract expiration, or retirement.

“This will really be an interesting week for CM Punk,” stated the key insider. “He’s got a lot of star power, and it seems like WWE even resents him for it!”

Follow Wrestle Newz