Can a briefcase legally be a contract? This is so fucking stupid.
The Money in the Bank winner wins a briefcase containing a contract stipulating that they can cash in that title shot once against whichever champion it specifies whenever there is a WWE official present. The Miz probably kept his briefcase as a momento of his victory, and Alex Riley carrying around the briefcase is just like Jimmy Hart with his megaphone. Sure, Riley might carry around the title in it sometimes, or some papers, or whatever -- but I'm sure the intent is there to use it as a tool.
Stop reading so much into it. The briefcase is a) A symbol of how The Miz became WWE Champion, and b) a mechanism and convenience the WWE can use to book The Miz to shady victories. It's no longer got a valid contract inside it.
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