WWE is trying to keep those with WWE legends contracts to around twelve appearances a year. If they are booked for more than twelve gigs then it is said that the company compensates them accordingly.
It is also said that these contracts are usually two year deals which can be renewed by the company if they choose. However, they are required to put the renewal request in writing at least three months prior to the current contract’s expiration date.
Also WWE Legends contracts also include a no compete clause. This means that a legend can’t work for another televised or competing company for at least 90 days after their contract ends with WWE.
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