Just thinkin out loud Moon. I don't really have a horse in this race to be honest.
But if you look at it, Cody is 0-2 in their last few pay-per-views (last win on pay per view was August of last year against Shawn friggin Spears). The only worthwhile competitors he's beaten are Wardlow before he was anything (am I mistaken or was that Wardlow's first match in AEDub?), and Darby, who Cody has made his punching bag for some reason. Most of his victories are against scrubs like Joe Alonzo, Janela, or Jimmy Havoc. He's basically presented as a can crusher.
(Took my stats from the internet, so they may be incomplete. If anything was missed I will gladly stand corrected.)