WWE Co-Chief Executive Officer & Director Nick Khan has signed a new long-term contract keeping him with the company until August 5, 2025.
The terms of the new contract include a base salary of $1,350,000 per year. Khan will also receive stock grants of $3,575,000 per year and has an annual target bonus of an additional $2,160,000.
Khan joined WWE in August 2020. In January 2021, he helped negotiate a five-year contract reportedly worth more than $1 billion with longtime partner NBCUniversal, granting its platform Peacock exclusive streaming rights to WWE Network in the U.S.