Source: MeltzerEddie Edwards & Davey Richards won’t be back at the next NXT tapings and aren’t going to be offered a contract. The basic gist of the situation was that HHH didn’t want to sign them after the tryout camp because of their size. The feeling is they are loaded with guys who aren’t big who can go so the mentality is that they are looking for guys who can headline WrestleMania in five or ten years out of these camps. A lot of people went to bat for both of them, feeling they should get a deal and several pushed that they should go directly to the main roster. So HHH agreed to give them a several month tryout period. The problem with that at first is that WWE also didn’t want them on anyone else’s TV past the commitments they already had with ROH until the end of the year. But after the first taping, HHH made the decision not to sign them.
Obviously Davey isn't coming back anytime soon (I think he's signed with TNA anyway, as he recently tweeted about having signed somewhere), but I'm holding out hope that Edwards decides to stick with ROH.
It would look silly after he just had his big farewell, but whatever. He has a feud with The Decade waiting for him if he does make the decision to continue working for ROH.