There is a new report on what went down between WWE and Rey Mysterio agreeing to his recent release from the promotion. According to sources, WWE and Rey Mysterio reached an agreement for his release around last November or December. The agreement was that he would be released in February.
In addition, the agreement reportedly had a stipulation that if news of Mysterio’s release leaked before February, the WWE would not honor the agreement, and WWE would hold Mysterio to the full extent of his contract until it expired. Per the deal, neither side will disparage or insult the other, hence Mysterio staying quiet about his release over the last week. There was little fanfare when WWE moved Mysterio from the roster page to the alumni section of WWE.com on February 26.
Initially, Mysterio had made a handshake agreement with Triple in 2014 that he would leave WWE. However, McMahon then renewed his deal for a year to compensate for all the time Mysterio missed due to injuries. This resulted in Mysterio’s release taking a year longer than originally expected. WWE had hoped he would work another program between Survivor Series and WrestleMania 31 as a send off, but those plans fell through. In addition, Mysterio did not have any desire to perform again.
Apparently potential legal issues that have arisen include Mysterio’s name and appearances at Lucha Underground and AAA. These issues upset WWE officials, but both sides have a lot of potential “dirty laundry,” which has kept both parties quiet with the recent departure.
Source: The Wrestling Observer Newsletter