World Wrestling Entertainment (WWE) superstar Chris Jericho was suspended indefinitely last night (Thurs., May 24, 2012) due to an incident involving a Brazilian flag during his match against CM Punk at a house show in Sao Paulo.

As the story goes, Punk was waving a flag around and in an effort to get some heat on himself (which worked wonders by all reports), Jericho took it from him, crumpled it up and kicked it out of the ring. Because denigrating the national flag is a crime in Brazil, officials reportedly stopped the match and gave Jericho an ultimatum -- either apologize to all the fans in attendance or spend the night in the clink.

He smartly chose the former.

But though he may have avoided punishment from local law enforcement in Brazil, he wasn't so lucky with his employers. In an update to its story on his suspension, Jericho gave the following comments:

"I made a bad judgment call in the course of entertaining [WWE] fans in Brazil. I apologized to the people in the crowd for showing disrespect. It was a bad move. I did it with [our] fans' entertainment in mind and I'll accept the consequences for that."

There's no telling how far exactly WWE will go with this punishment, considering Jericho is a top level star. As stated previously, however, he already had his exit strategy planned, the time frame for which is just a month or two away. Will this suspension speed up the process?

Stay tuned.