Normally, when a big-name brand leaves a major label, it's the label who comes off worse, but with Velvet Revolver quitting RCA, you suspect that RCA might be breathing a small puff of relief.
Slash insists that it's all friendly, like:
Slash told his official fan site that "while it is true that VR is no longer with RCA, the truth is not as negative as the rumor. The band owed RCA money for a third album which at this time they are unable to produce (no singer). The band and RCA parted amicably. When they are recording the new album, it most likely will be for a new label."
Yes, this is one of those splits where the label holds open the door and offers to phone for a taxi.