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Regardless of whether you like the guy, think he is/was a good worker, or was a good wrestler, you can't blame the WWE for keeping him around. His merchandise still sells like crazy and even tho he is not wrestling he does still draw some ppl. So he was still profitable to keep around. Although I do think it will be ultimately better for WWE to let him go now, I can see why they kept him around during the slump for the past few years as he was still one of the biggest draws they had.
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