Summary

New Day's reported departure from WWE came after Kofi Kingston and Xavier Woods were asked to move onto new TKO-era contracts, according to a new report on Saturday.

The update said the split was a mutual decision. It also said Kingston and Woods were not at the end of their existing agreements when the restructuring request was made.

Quote from Bryan Alvarez

Alvarez reported the following on Saturday:

"We can also confirm that in the case of New Day, it was their decision to leave based on what TKO was offering for a new deal. To be specific, New Day's deals were not up. They were asked to restructure to TKO deals, they didn't like the deals, so they were then granted their release."

What the New Day update means for WWE

If Kingston and Woods were asked to restructure before their current deals expired, that gives this exit a very different feel than a routine contract expiration. For WWE, losing a team with New Day's history means parting with one of the promotion's defining acts of the last decade, and it also puts more attention on how other long-term talent will respond if similar contract changes are presented.

The report also said the duo is expected to have a 90-day non-compete. That would delay any immediate next move and keeps the story tied to WWE for the next few months, especially because Kingston has been with the company since 2006, Woods arrived in 2010, and New Day has been a fixture since the group formed in 2014.

Sources

As reported by Fightful