CM Punk’s AEW Employee Contract Might Have Covered His Full Insurance

CM Punk’s departure from AEW came as a result of his firing by Tony Khan following a backstage altercation with Jack Perry during the All In at Wembley Stadium event on August 27th. There is a lot to unpack in that situation, as CM Punk was released from multiple contracts at the same time.

According to the Wrestling Observer Newsletter, CM Punk was allegedly operating under two contracts with AEW, one as a performer and the other as an employee. These contracts were believed to provide full insurance coverage for Khan’s promotion, although there has been no official confirmation of the existence or details of Punk’s alleged employee agreement.

It was also mentioned that CM Punk was collaborating with Khan on creative aspects of the Saturday night AEW Collision show. That being said, it’s unclear exactly what kind of other contracts he had with AEW.

The belief was that Punk had two contracts, one being a pro wrestling contract and another being an employee contract, was that it was a way for the company to cover full insurance, although nobody officially confirmed that or what his job title entailed. But he was working directly with Khan on the creative facets of the Collision show.

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When asked if there would be a non-compete on Punk, he said he wouldn’t comment. For what it’s worth, it is standard in a WWE contract that if a party is terminated for just cause that they have a one-year non-compete. My belief is that if such a thing was challenged in court it would be difficult to uphold for that long of a period of time unless the company would continue paying the person, particularly when you are talking about an independent contractor.

The presence of a non-compete clause in Punk’s contract remains uncertain. Meltzer pointed out that WWE contracts typically include a one-year non-compete clause for wrestlers terminated for cause.

There is also speculation that CM Punk is now a free agent. It was also suggested that AEW might consider giving Punk another opportunity, considering his significant impact as a former AEW World Champion and a high-profile signing for the promotion.

We previously reported that Impact Wrestling is very excited about the idea of making an offer to CM Punk. We will have to see if he does anything there. The NWA might be an intriguing option as well. Keep checking back with us here at Ringside News for more.

What do you think CM Punk will do next in his career? Sound off in the comments to let us know what you think!