Major Update on the Future of CM Punk in the WWE, Will He Get a Chicago Farewell in 2014?

Josh Isenberg

CM Punk

WWE announced that WWE Payback will be held in Chicago, Illinois for the second consecutive year. The Allstate Arena will hold the event on June 1st, 2014. This was the event in which CM Punk returned after his brief break after WrestleMania 29. PWInsider.com is reporting that CM Punk's latest contract is set to expire in July and that WWE plans on getting everything out of him, in case he decides not to renew his contract.

CM Punk has been very vocal over the years, talking about how he wants to walk away from the WWE on his terms and not be forced out due to injury. With the current storyline with Punk and The Authority, one could assume that this angle may continue into the summer, potentially something similar to "Summer of Punk 2011." If CM Punk does not sign a new contract, WWE Payback could be the last Pay-Per-View for the former WWE Champion.

Have a news tip? Attended an event and want to send a live report? Submit it now!