Dot Net WWE News: Raw star chooses between re-signing with WWE and an offer from a rival promotion, new autobiography in the works

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Rey Mysterio is either on the verge of re-signing with WWE or has already done so. A source close to the situation described his signing as "imminent" last week, while noting that he may have already signed the deal. WWE offered Mysterio a five-year contract, but he has only agreed to a three-year deal.

Mysterio had serious discussions with Mexico's AAA promotion, which included a three movie deal as part of their offer. The idea was to make Mysterio the modern day version of El Santo—the legendary lucha libre performer who was a wrestling and movie star in Mexico. Mysterio made it known during his negotiations with WWE officials that he wants to be considered for a WWE Films movie role. There are also plans to release a Mysterio autobiography.

Powell's POV: No word on whether WWE has actually agreed to make a Mysterio film, which is something he desires. The company is expanding in Mexico via their new television deals with Televisa and TV Azteca, and they are desperate to attract the Hispanic demographic in the United States, so re-signing Mysterio was internally considered a no-brainer despite his history of injuries.

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