Former three-time IWGP Heavyweight Champion and six-time IWGP Intercontinental Champion Tetsuya Naito has signed a new contract with the company, according to a report from Tokyo Sports who note that Naito renewed his contract on January 17th and took a 24% pay cut from his previous contract.

Speaking about the new contract, Naito had the following to say, “Due to the influence of COVID-19, the audience is decreasing and I was expected to offer a salary cut, but I didn’t expect this much, even I got nervous about this. When I saw the amount offered, I literally opened my right eye with my thumb and index finger. Next year, I want to take advantage of a higher salary than this cut, after all, it means that even if Okada won the G1, there was no rain of money in New Japan. If this happens, I have no choice but to make it come down on my own.”