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That's not what Dave said, he said Devitt is expecting to stay in NJPW. Not the same as "he's definitely staying", so thread title is misleading. WWE may make a good offer to him by January, depending on how much they want to sign him.
 

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- Pros for NJPW for Deviit, are he's very established there, he has a solid upper card spot, he has a lot of freedom with his wrestling and gimmick, and he enjoys Japan.
- Cons are it's a very hard wrestling style, which will shorten his career, and the pay is good but not huge. He also is unlikely to reach the very top given he's in the Junior Heavyweight division and not Japanese, so there is a ceiling for him.

- Pros for WWE are of course, it's the biggest promotion in the world, which even in a mid card spot gets him a great deal of fame and name value across the world. If he does well, he will make a shitload of money and be set for life, as in WWE you can make much more than your down payment salary, with royalties from music, video games, etc, and also merchandise. He also would be wrestling a much safer and more career proloning style.
- Cons for WWE are there is no guarantee he would be used right given the WWE's messy and fractured Creative, he would be much more restricted in his wrestling and his character, he would be working a LOT more dates per year, including grueling foreign tours, and he would not be able to use his Prince Devitt name without giving up the copyright to WWE (a foolish move for any wrestler). His height also might hold him back, though his impressive physique might off-set that.

Now, they are not going to sign him to a basic developmental contract, they know that. He makes good money in NJPW and if they want to sign him they will need to offer him a good amount of money (more than he makes in NJPW, or close to it, with the assumption that he would make up the difference and more with extras).
 

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Did Punk do that?
No, he was one of the last to keep his name AND the rights to it, along with Beth Phoenix. That was thanks to Paul Heyman, who was running OVW as their developmental territory at the time and convinced them to not change Punk's name.

After maybe 2007 though, they decided they wanted the copyright to the ringname of everyone on the roster from then on. Almost no one is going to give up their pre-WWE ringname because it means they can never use it outside of WWE if they ever leave. There are some exceptions, like MVP, whose name was WWE-made, and the WWE still own the name, but he is able to use it freely in Japan, because he left on very good terms and Vince personally gave him permission to keep using the MVP name.

But yes, imagine if Chris Hero had given up that name, and of course it didn't work out, now he'd be back on the indies unable to use the name that he made for himself on the indies. Obviously there's also the case of WWE maybe not liking their previous nicknames, but 9 out of 10 names on the NXT Name Generator are pretty awful so nuts to them.
 
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