There’s been a lot of talk about WWE contracts recently as a number of talent were released from their deals. However, other names have signed new deals such as Triple H who signed a deal that could be as long as three years in length.
Now a recent SEC filing has confirmed that WWE President Nick Khan has signed a new deal that will keep him with the company through 2030. The filing notes that Khan’s base salary will be $2,000,000 annually through 2026 and will increase to $3,000,000 annually on January 1, 2027. It also notes that Khan will be eligible to earn a bonus up to 150% of his base salary for the calendar year of 2026, and up to 200% of his base salary for each year remaining on the contract through 2030.
The portion of the filing which references Khan’s new contract reads as follows:
“Effective as of the Effective Date, Khan’s base salary shall be $2,000,000 per annum through December 31, 2026, and then shall be $3,000,000 per annum for the period from January 1, 2027 through the end of the Term, less applicable taxes and withholdings, payable on a bi-weekly basis in accordance with WWE’s standard payroll practices as such standard practices may be updated from time to time, and subject to merit adjustments within the sole discretion of WWE (and subject to approval by TKO’s Board of Directors (the “TKO Board”) or such committee(s) or person(s) (including, without limitation, the Chief Executive Officer of TKO) to which the Board (or the applicable committee thereof) has delegated power and authority from time to time (the Board or such committee(s) or person(s), as applicable, the “Governing Body”) (“Base Salary”).
(b) Incentive Bonus: 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”). The amount of any Annual Bonus will be determined based upon those factors indicated above by the Governing Body in its sole discretion. The Annual Bonus for any calendar year will be paid by March 15th of the subsequent calendar year. For the avoidance of doubt, except as otherwise provided in Section 4 herein, Khan will not be eligible for any Annual Bonus, and no Annual Bonus or prorated Annual Bonus will be awarded, earned or payable to the extent Khan is not employed and in good standing on the applicable bonus payment date..”
Stay tuned for updates.