Nick Khan Signs New Long-Term Contract With WWE; Major Details Disclosed

Nick Khan has signed a new contract with WWE.

PWInsider recently released a detailed report regarding Khan’s new agreement with the company. According to the report, Khan signed a deal on May 4 to remain WWE President through 2030.

Either TKO/WWE or Nick Khan can terminate the agreement at any time. However, if Khan decides to leave, he must provide at least 60 days’ written notice. The contract states that Khan will continue operating out of Los Angeles, where he resides.

The report also revealed Khan’s salary details.

Nick Khan’s New WWE Deal Reveals Massive Salary and Bonus Structure

According to the filing, Nick Khan, who has been with WWE since 2020, will earn a base salary of $2 million per year through the end of 2026 and $3 million annually from January 1, 2027, through 2030. The salary will be paid biweekly and may be increased through merit-based adjustments approved by TKO leadership.

Khan is also eligible for annual performance bonuses tied to company metrics and other goals determined by TKO. His target annual bonus is set at 150% of his base salary in 2026 ($3 million) and 200% of his base salary from 2027 through 2030 ($6 million). The bonuses are scheduled to be paid by March 15 of the following year.

To receive the annual bonus, Khan must still be employed and remain in good standing with the company on the bonus payment date, unless otherwise specified in the contract:

“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.” [H/T PWInsider]