On this week’s episode of The Two Count, we break down one of the most news-heavy weeks across WWE and AEW, featuring major business developments, roster shake-ups, and the road to WWE Backlash.

We start with the report that TKO is pushing WWE talent to renegotiate contracts with potential pay cuts, and what that could mean for the future of the roster and locker room morale.

We also dive into the shocking news that The New Day walked out of WWE, and discuss where they rank among the greatest tag teams of all time, along with what could be next for them outside the company.

We cover additional roster movement, including the release of Jeff Cobb and Tonga Loa, and whether WWE made the right call.

On the business side, we discuss a major claim that AEW may not be renewed by Warner Bros. Discovery in 2028, and what the company’s future looks like if it loses a major television partner.

We also break down the ongoing corporate direction of WWE, with John Cena’s involvement at Backlash raising questions about whether WWE is leaning too heavily into business-driven storytelling.

Plus, we take a closer look at Roman Reigns’ status, as he returns full-time while reportedly missing key dates, including Night of Champions.

We also discuss the debut of Oba Femi’s open challenge, and whether it’s effective booking or just a repetitive formula.

On the talent side, we review Ricky Saints’ WWE main roster debut, and whether it hit the mark.

And finally, we break down the latest major development, as Gunther attacks Cody Rhodes, potentially setting up WWE’s next major championship feud.

To close the show, we deliver The Kickout, with our full WWE Backlash preview and predictions.

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TKO Pay Cuts, New Day Walkout, AEW TV Deal Uncertainty, John Cena Backlash Angle, Gunther Attacks Cody | The Two Count