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Update on Rey Mysterio & his WWE Status

By : WrestlingDotCom News Posted on

The Wrestling Observer is reporting that even though issues between Rey Mysterio and the WWE have yet to be completely settled, Mysterio has no plans of leaving. He was however, on the verge a few weeks ago.

Mysterio is under a long-term contract to WWE, but he has let WWE officials know he can make more money in Mexico. In recent years Mysterio has made close to $1.5 million. (a tremendous increase from the $75,000 downside guarantee he was offered in 2002 to join the company), which may prove difficult to obtain in Mexico. Previous reports indicated that the AAA promotion had offered him a contract in excess of $1 million per year as well as a $1 million signing bonus while he was contemplating re-signing with WWE or not earlier this year.

Mysterio is said to be part of the wrestlers who have seen a 15% decrease in salary as a result of the revenue streams being down 15%. Although, the decline in WrestleMania revenue from last year is significantly less than the overall business (about 8%), and the annual pay-per-view extravaganza is a significant part of wrestlers’ annual income.

Mysterio is said to be happy about his program with Chris Jericho. Many people feel Mysterio is the second most popular person in, behind only the country’s president. He wants to take advantage of his enormous popularity in Mexico while he can by making mainstream media appearances and getting product endorsements such as tennis shoes.

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