Source: What WWE Won't Do When CM Punk's Contract Expires

We previously reported that WWE could add six months CM Punk's contract when it expires later this month, similar to what they did with Rey Mysterio for missing an extended period of time. However, a source notes that the company in all likelihood will not extend Punk's contract as the belief is that it's not in anyone's best interest.

CM Punk owns his own name and will be able to use it going forward, in fact his first post-contract appearance will be hosting the Gibson Brands AP Music Awards on July 21st.