By Chris Walters on April 16, 2004 at 6:29 PM EST

The following is an article from WWE.com:

After months of negotiations, the WWE and Steve Austin have been unable to come to terms on a new contract and as a result have mutually agreed to part company.

Both parties have left the door open to work together again in the future and the WWE wishes Steve the very best in his future endeavors.

More On Steve Austin's WWE Release + More Wrestlers Planned To Leave & View Judgment Day Poster Featuring Undertaker + Live Coverage & Images Of Backlash This Sunday!