Nick Khan New WWE Contract Amid TKO Releases: Salary, Duration, Bonuses, More

WWE President Nick Khan’s contract has been revised amid mass releases by TKO, the Stamford-based promotion’s parent company. Khan’s new salary structure and bonuses have been revealed.

It is a heartbreaking time for the WWE Universe as several talents have been released from the company. The list includes major names like Kairi Sane, The Wyatt Sicks, The Motor City Machine Guns, Zelina Vega, and Aleister Black. Even legendary names like The New Day’s Kofi Kingston and Xavier Woods have parted ways with the Stamford-based promotion, reportedly because TKO asked them to take a pay cut.

Amid all of this, WWE President Nick Khan has received a new contract. According to TKO’s SEC filings, Khan’s new contract will keep him in the company til 2030. It was also mentioned that he would operate out of Los Angeles, where he currently stays. The contract also highlighted that Nick will receive $2 million per annum til the end of 2026, and his base salary will be bumped to $3 million per annum in 2027.

It was also mentioned that either side can terminate the contract at any time, but Nick Khan is required to give at least 60 days’ written notice if he wishes to leave the company.

Furthermore, the WWE President will be eligible for annual bonuses based on certain performance metrics: 150% of his base annual salary in 2026, increasing to 200% of his base annual salary from 2027 through 2030.

“During the Term, Khan shall also be eligible to receive an annual bonus award (‘Annual Bonus’), subject to the attainment of certain performance metrics, which may include the attainment of EBITDA-based targets and/or such other metrics as determined by the Governing Body, in its sole discretion. Effective as of the Effective Date, the target amount of Khan’s Annual Bonus shall be 150% of the Base Salary (i.e., target $3,000,000) for calendar year 2026 and shall be 200% of the Base Salary (i.e., target $6,000,000) for each calendar year remaining in the Term (i.e., 2027, 2028, 2029 and 2030) (as applicable, the ‘Target Annual Bonus’).” [H/T PWInsider]

Kevin Nash talked about Nick Khan’s WWE pay amid stars’ releases

During a recent edition of his Kliq This podcast, Kevin Nash was asked about the mass WWE releases.

The legend said he was not surprised by it, but also noted how much money the company’s President Nick Khan was making while TKO is asking its wrestlers to take pay cuts.

“Not after two weeks prior, when I see what the CEOs — what Nick’s getting paid. I mean, Nick (Khan) took half of the f*cking WrestleMania net… But I’m busting his ba*ls because we sat here and went over the numbers, and the year before was $1.4 billion. The next year, you’re $1.7 billion. So that’s $300 million. So, I’m busting Nick’s ba*ls, but we sat here and went over the numbers…” said Kevin Nash.

It remains to be seen what TKO has planned for World Wrestling Entertainment’s future.