Jay Rasulo's current contract with The Walt Disney Company is set to expire January 31, 2015 according to the company's proxy statement. The proxy statement does not give any indication as to why he has not signed a new contract, but speculation is that working without a contract would give him flexibility to leave if he is not selected as the Company's COO to be groomed as Bob Iger's replacement.

Many suspect that Jay Rasulo and parks head Tom Staggs are the frontrunners to replace Bob Iger when he retires June 30, 2018.