Per PWInsider:

RIC FLAIR AND WWE IN CONTRACT DISPUTE
by Dave Scherer @ 9:01:01 AM on 9/5/2007


Pro Wrestling Torch reported last evening that Ric Flair has given notice to WWE because he didn't like the way his character is being used and that the sides are still talking about patching things up and getting him back to work.
In doing a little digging I found that Flair gave notice a few weeks ago, before the growth enhancer scandal broke. Sources close to Flair told me that even though he knows he is near the end of his legendary career, he has grown tired of how the company has used him. Now, with all of the suspensions that the company has had to deal with, Flair's bargaining position has improved and WWE has offered him a bigger role. Part of the problem is that over the last month or so, Flair has been dealing with some personal issues involving his children. From what I have been told, that has had an effect on his overall mood.
WWE is doing everything that they can to get Flair back and is moving forward as if he will return. My hunch is that they will work this out. Flair has made a lot of money over his career but has spent a lot too and WWE is his best option to earn more at this point in his career.

I herd something like this before about Flair complaining that he is not being used big time. But what does the guy expect I mean its not like he is young enough to handle as good as he once did. I mean he still has talent but not nearly as much as before so my advice would be to get whatever he can.

Yeah I think Flair needs to cool down, take a light schedule, and just retire after Wrestlemania. He doesnt want to go out like this

Yeah it's not Flair to be like this. But I guess he thinks that he can go out in the best way and that is on top and I mean I think that its fitting for the guy but right now I don't think it can happen.

Personally I think Flair should of retired a long time ago, yes the fans still love Flair, and he does sell merchandise, but he cannot perform in the ring like he used to, he's slow, he's not has strong has he once was. The only thing he still has is his microphone skills. Just hang them up Flair.

I agree with all this, but he needs to go out on good terms. LIke a farewell match in which he wins at Wrestlemania. That's what he deserves.

That's my opinion as well. I'd like to see him win another title before he goes though. Maybe not the WWE title but something to show he's going out on top.

Good-bye.

I couldn't care less because I have never been a fan of him. But I guess WWE should give him more storyline.

Actually I don't think he should have that big of a storyline but atleast involve him in the IC hunt now and then instead of having him as a wipping boy like they have had him for the last little while.

Update on the Flair situation:

Source: Steve Gerweck

Last week it was reported that Ric Flair was the latest WWE superstar to quit WWE. This past weekend, Flair was on Charlotte radio show "Prime Time with The Packman" and denied that he was gone from WWE. Did Flair quit WWE or not?

Ric Flair did give his notice to WWE on or around 8/20.

As you may have guessed, Flair was upset because he's being underutilized. Several months ago, Flair was promised a storyline where he would chase the world title for one final run. It was actually Stone Cold Steve Austin who came up with the idea to have Flair do a Rocky Balboa storyline, where the over-the-hill legend made one final run at greatness.

Austin pitched the plan to Vince & Stephanie McMahon and they loved. it. Flair was obviously on board when he heard about it. Flair was not promised that he'd win the title, but was told he may get the gold if the storyline caught on.

For whatever reason, WWE never followed through with the angle. Flair gave his notice to WWE as a wake up call that he doesn't want to be misused at this point in his career.

At this time, he is still under contract and still getting paid by WWE. Most people within WWE expect Flair to return to the company.