The thing about those big contracts that Puder, Hemme, and the next Diva Search Winner is that they can be canceled at anytime and WWE doesn't have to pay them all of it. If Puder got released right now, they wouldn't have to give him the full million.
And just out of curiousity, how many Cruiserweights have the WWE released in the past? I remember how everyone says they're gonna get cut, but I don't recall ever seeing any released.