When Vince bought WCW he inherited a roster of people, the majority of whom he would never have recruited individually. From a financial standpoint having someone like Jaime Noble around is negligible. He's a junior, and despite his in ring talent, for the most part small men don't really draw or detract too much with the larger audience. It's a side show thing (like the Womens title) with the difference being the 'divas' sell more merch (calendars, posters, DVD's, etc).
The exceptions of someone who breaks out (Rey Mysterio) or who's short but bulks up, has other strong attributes and is able to credibly pass with the audience (such as Jericho and Guerrero) are few and far between. While Noble's strength is that he can have 'good matches' with anyone, that alone has very little to do with what makes money in the real world. In other words, he doesn't pass and never will.
The fact that Noble made an insurance claim tied to a WWE incident turned him from someone without much upside...into a financial nuisance and liability to the office. So while other expandable juniors like a Spike Dudley may slide under the radar for being an asset in other ways (public appearances, being a good company man), Noble's actions showed he had to go. A message had to be sent.
Regardless of what field you're working in or the validity of your claim, when you seek financial compensation against your company through a third party, you're not long for employment.