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Pretty sure you can’t re-sign someone without them agreeing to it. If he didn’t wanna stay he’s tell them to bugger off I’m sure.
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Nah this is a contract option so those might work differently. Idk how AEW does theirs but other sports have the team options for one year where basically the team can decide whether to keep you an extra year or let you go as if your contract has expired. Some players also get options where they can make that choice themselves and others it has to be mutual