According to the Wrestling Observer, rumors around Japan are that Mirko Cro Cop will announce tomorrow at a press conference in Japan, that he has signed with K-1 to fight in their new MMA organization set to replace the current K-1\Heros.
This might support rumors that the UFC was looking to release Cro Cop from his contract, since Cro Cop makes a reported 350k+ a fight under his current UFC contract.
Reports from Japan, as well as a web site post by Mirko Cro Cop both state Cro Cop will be in Japan tomorrow for a press conference put on by Fighting Entertainment Group (K-1), which will announce the debut of a new MMA promotion to take the place of its Hero’s division.
Cro Cop was the most popular foreign MMA fighter in Japan when he signed a six-fight deal at the end of 2006 with UFC. After going 1-2 in UFC, it was known UFC was considering cutting him from the deal due to the high cost of his contract.
His heading to the opening of the new group would make it likely that is how things turned out but we haven’t had that confirmed from the UFC side.