The following is from WWE.com:
Eric Escobar released
Written: January 17, 2010
WWE has come to terms on the release of Smackdown superstar Eric Escobar as of Jan. 17, 2010. WWE wishes Eric all the best in his future endeavors.
According to a report on F4WOnline.com, you can expect more releases in World Wrestling Entertainment over the next few days/weeks.
The first official release was made public today, as SmackDown-brand performer Eric Escobar was "future endeavored" on the WWE.com website earlier this afternoon.
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