Before Sunday's Extreme Rules pay-per-view, Cody Rhodes was granted his release from WWE. Rhodes took to Twitter to explain his departure and cited creative frustration as the reason he asked to be released. While he took some shots at the head writers of RAW and SmackDown, he made sure to express his appreciation for all WWE had done for him.
However, according to Dave Meltzer of the Wrestling Observer Newsletter, there may be some lingering bad feelings on both sides and Rhodes may not be able to work for another company in the near future as a result.
Meltzer also said that Triple H and Vince McMahon (but mostly McMahon) gave definitive word that they would not allow Rhodes to ditch the Stardust character after WrestleMania 32 and that was the final straw for Rhodes. Via Wrestling Inc, here is the latest on the two sides and Rhodes' status, as discussed on the latest edition of Wrestling Observer Radio:
Meltzer noted that despite being released by WWE, Rhodes is still being held to his WWE contract and the split is "not amicable." Meltzer said that WWE is "kind of putting the screws to him," and that since Rhodes quit, they are trying to make it hard for him contractually to do anything for another wrestling company.
No word on when Rhodes' contract was scheduled to be up. If Rhodes were to retain a lawyer, he would probably be able to get out of the contract, since WWE publicly announced he was released, but this isn't very heartening.
Hopefully we will see Rhodes back in action sooner rather than later.