Over the weekend, Raven told locker room friends that Paul Heyman told him his last ECW match will be this weekend at ECW Arena.
While that probably means Raven will be given his release sometime after the show, Heyman could also keep him under contract through the end of August but not use him on future shows.
However, given ECW's recent financial struggles, it seems unlikely that the company would want to continue to pay Raven his estimated $3,000 per week salary just to sit him at home.
Raven also told friends that, as expected, the WWF contract he has been offered is a three year deal with a low downside guarantee.