WWE Spoilers on CM Punk's Contract Status, Will WWE Renew Best in the World?

CM Punk left WWE back in January, and fans have been anxiously anticipating the Second City Saint's return to professional wrestling. But Punk has not come back as of this writing and has been relatively quiet in the media. He did, however, refer to himself as retired in one interview.

The situation is likely to take a new turn on July 17, the date Punk's contract with WWE reportedly ends. PW Insider reports WWE has had little to no contact with Punk since February, so it's unclear if the company would keep him listed on their roster after that date.

However, the WWE could still extend Punk's contract beyond this month. The Wrestling Observer previously reported the following when discussing Rey Mysterio's contract situation:

"Since a lot of people have asked about this related to Mysterio and last week's issue, all standard WWE contracts are written with the clause that the company can extend the contract based on the wrestlers not performing for an extended period of time due to an injury. So WWE doing the automatic renewal of his expiring contract is something specifically mentioned in his deal and in all standard deals. I haven't heard of it being used for anyone else. They could do that with Punk in July should they choose. The advantage is that they could keep him from working for anyone else. The disadvantage is if they did renew him, they'd have to pay him his downside, which right now, they wouldn't be paying him since he's refusing to work."

How do you think this situation will unfold? Let us know in the comments below.