I hear lots of people saying that he should sign with the UFC but I really don't see that happening. Dana wouldn't sign him after their previous encounters and him having lost three in a row including a fight against a mw.
Just sad all the way around. Vadim is simply delusional at this point, and any bargaining power he once truly had has evaporated. As the UFC continues to expand and be successful, the number of fights that Vadim can make for Fedor that he can even try to sell as relevant shrinks.
Given Fedor's legacy, its UFC or retire time, IMO. Don't waste what fights he has left in him for anyone that is not clearly top 10.
Pretty sure he's released and ready to be signed by a new promotion. Normally Zuffa will buyout the contract of anyone they want in the UFC. 
" We did not want to fight someone, where fans would then say that this is not a worthy strong enough opponent for Fedor and would critique Fedor."
And this is Ishii?