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Not a chance that Punk makes more money than Cena even if Punk's merch at times sells a bit more than Cena. Cena still probably has the best contract in the WWE I imagine and probably gets more of a % off of his merch than anybody.
The top stars pretty much seem to have that 750k to a mill plus range as a base and then get certain %'s for their merch and the mania payoffs too where all in all can come out to some nice amount of money.