According to The Wrestling Observer, it seems possible that Bully Ray and Devon might be heading in different directions where their wrestling futures are concerned.
As far as Devon goes, it's being reported that he is likely done with TNA, and several teases on Twitter have indicated that he has an interest in returning to WWE. If that does indeed happen, it's likely he won't be brought in as a wrestler, but rather a trainer in developmental or a backstage agent/producer. It's being said that WWE was always very fond of Devon when he previously worked for the company, and given the success of his Team 3D wrestling academy, chances are very high that he'd land a training/agent job if he returned.
As far as Bully Ray goes, while it's being said that a new deal TNA has yet to be signed, both parties were very close to reaching an agreement as of last week.