PWInsider.com is reporting that Sean Morley, aka Val Venis, has also been released from the WWE. Venis has been with the company for over a decade starting in 1998. He has been out of action for a few months due to an elbow injury.
Venis held the Intercontinental, European, and Tag Team Championships (w/ Lance Storm).
This news definitely comes as a surprise since Val was considered a lock for a road agent position sometime down the line, and was very well-liked within the company.