As seen on WWE RAW this past Monday night, Kevin Owens was one of the wrestlers involved in breaking up the brawl between the Undertaker and Brock Lesnar, a spot usually reserved for lower to mid-card talent. Since defeating John Cena at Elimination Chamber in late May, Owens has not had a televised win against a main event talent. His last televised win - excluding NXT - was over a month ago at the June 16th SmackDown taping, where he pinned Cesaro.
Bryan Alvarez noted on Wrestling Observer Live yesterday that Owens has been dropped to an "upper mid-card position" because WWE officials do not see him being on the level of Cena, Randy Orton or Seth Rollins.
It appears from television this week that Owens will be feuding with Cesaro and Rusev for the near future.