It is being reported by several websites that WWE Hall of Famer Ricky “The Dragon” Steamboat has been released by WWE due to latest budget cuts.

The former NWA champion has been working for WWE since 2005, first starting as a road agent before moving to NXT as a trainer and also helping in the talent relations department.

Steamboat was inducted into the WWE Hall of Fame in 2009 by his good friend Ric Flair.

If the rumors of Steamboat being released are true it will be a great loss for WWE and especially down at NXT where he’s been helping training up-and-coming WWE Superstars and Divas.