For months now it’s been rumored that Kevin Owens could be parting ways with WWE, but it was reported this week that the former Universal Champion has officially signed a new deal with the company.

Dave Meltzer noted on Wrestling Observer Radio that the deal Kevin Owens signed is for three years. The deal is said to be for good money, and it’s believed that Owens will be earning $2-3 million per year with his new contract.

The deal does not have a no-cut clause and was reportedly signed weeks ago. It was also noted that the belief is that KO’s new WWE deal is more than he would have gotten if he would have signed with AEW.

Kevin Owens will challenge for the WWE Championship when he faces Big E, Seth Rollins and Bobby Lashley in a four way match at the upcoming Day 1 pay-per-view. Stay tuned for more updates as they become available.

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