Edge's current WWE contract is expected to expire at the end of this month. While his career ended after his match at Wrestlemania XXVII last year, he has continued to collect his downside guarantee and is booked for appearances through the WWE office.
WWE is negotiating a new deal with Edge and want to put together a deal where they would be able to fully utilize him despite the fact he can no longer wrestle. The deal differs from a Legend's contract in that he would require more money and WWE would want to do more than just use his name for licensing purposes on merchandise.
Workers under similar contracts include Mick Foley and Shawn Michaels.