With CM Punk’s WWE contract expiring soon, there has been talk that WWE might exercise their right to extend their deal, due to Punk leaving the company several months early.

The latest on this situation is that WWE won’t be forcing a contract extension, since it’s not really in anybody’s best interest.

WWE did exercise this right with Rey Mysterio’s contract earlier this year, since he was out of action for so long while still under contract.

CM Punk owns the rights to his ring name and already has appearances lined up using the CM Punk name after his WWE contract expires. As noted earlier this week, Punk will serve as the red carpet host at the coming AP Music Awards on July 21st.

(Source: F4Wonline.com)