Reports suggest that Paul Heyman is still under a WWE contract. It is unknown if his release will still be worked on, or if Vince McMahon will be dealing with it once he returns from Iraq, WWE may even try to figure a way to keep Paul Heyman off the market.
Paul Heyman is done from his creative perspective, however he is not completely free of his contract at this point, meaning he is unable to appear with a different promotion.
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