Matt is the new #1 Contender for the World Title. Afterall, he did beat MVP. Isn't that the requirement for a title shot nowadays? /sarcasm
Seriously though, Matt should challanger for the US Title, entering a semi-long programme with MVP, before winning his first major singles title. He could then go on to feud with (e.g.) Masters, Flair or Finlay. This could then allow MVP to move up the card.