Source: The Wrestling Observer
While WWE has shown that they're willing to force people's contract extensions, that won't be happening with CM Punk. There was talk several weeks back that the company could add six months to his contract if they wished in a manner similar to what they did with Rey Mysterio for missing an extended period of time. However, a source notes that the company won't do it because the belief is that it's simply not in anyone's best interests.
As previously reported, Punk is set to host the Gibson Brands AP Music Awards on July 21st, which will be the first post-contract appearance for him. Punk owns the CM Punk name and will be able to use it going forward.
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Jayden's thoughts: I'd chalk Punk up for being done folks. He could have returned in Chicago, or Wrestlemania etc by now. I don't think he's coming back, at least not for the foreseeable future, if ever. Meh other guys like Roman, Bray, Seth, Dean etc get more chances to get over like Punk was so that's a plus out of the negatives. I was a fan of Punk but the show must go on.