Vince McMahon renews WWE contract amidst potential sale.
Vince McMahon, the chairman of World Wrestling Entertainment (WWE), has signed a two-year employment contract with the company, which includes an annual base salary of $1.2 million and an incentive bonus target of 175% of that salary. McMahon's contract also gives him the rights to his "life story" and related intellectual property. WWE has been actively in talks with suitors for a potential sale, and McMahon's involvement has become an early sticking point in preliminary talks with some buyers. McMahon has stated that he would be open to stepping down from his position "if it's the right deal."