From WWE.com: World Wrestling Entertainment and Juventud have to terms on a release from his contract. WWE wishes Juventud the best in all future endeavors.
As noted here on the site before, Juventud has had a ton of backstage heat on him for not following agents rules and ratting out his colleagues. He was actually traveling with Bob Orton for a time because Super Crazy and Psicosis refused to travel alongside him. Sources described him as a ‘heat magnet’ backstage.