Mark, it was 12:30am, I was sleep-walking, I'm sorry?

OK ... scrap the 10-man tournament, my bad.
Instead ... make it a four-way match just like WWE did with their "In Your House Final Four" Pay-Per-View.
Steen could be booked to compete at the January show, and have him come out, in a ton of pain, start the match, and Steen gets himself disqualified ... clearly on purpose.
Next show, March ... have C*4 management announce that Steen must defend his belt with honor and not get himself disqualified. Steen comes out and tells everyone that he's lost his smile and he's going to take his wife and his kid and go home now.
Then at the last show of the season, have a fatal-four-way match as the main event, winner is the new C*4 champ (and, of course, have MVP win the damn belt!!)