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Batista said a million times he was only still in shape because he knew he was coming back and wanted to put HHH over.
And, he's almost 60. He probably wants to take different roles at this point rather than be an action star. Even when he was big, he still took those kind of roles.
Shit, look at Cena. He also slimmed down. Dwayne did at the start, but is so one note he had to roid himself beyond belief.