WWE Co-CEO Nick Khan will be with the promotion for the long term after signing a new lucrative contract.

Joining WWE in August 2020 as company President, Khan has quickly risen through the ranks, and was appointed Co-CEO this year, a role he shares with Stephanie McMahon.

The Wrestling Observer Newsletter reports that Khan signed a new deal on October 19, which will see him stay with WWE until August 5, 2025.

His base salary will be $1,350,000 per year as well as an annual target bonus of another $2,160,000.

Khan will also receive stock grants of $3,575,000 per year, and received $15 million in stock when he first signed with WWE in 2020.