The problem with titles is that while there are only four that are tracked with rankings, etc., the other titles are still in the Universe. Triple H and Kevin Nash were booked in a match on Raw, and Trips came out with the classic WWE championship, was annouced as the WWE champion and the commentary reflected his status as champion.
There has to be something I missed with regard to the titles. But the way they are assigned, I don't recall there being any option to remove a belt from a guy who has it be default. I vacated the titles in the main menu outside of Universe and that didn't help, either.
I will have to look around some more when I get home tonight. I didn't think to check if there was an Options tab in the Universe menu (I don't remember one, but like I said, it was really late.) Also, the lack of an instruction manual isn't helping things, either.
I'll check on the tournaments, too. Don't remember seeing any, but I wasn't really looking, either.