I imagine they wanted Fitch to take a pay cut as he is no longer close to being a concensus #2. He likely declined it and they released him allowing him to seek other offers. I think he will likely end up back in the UFC in time though unless Bellator really wants him as a marquee fighter.
I will cry if Bellator picks him up though cause I can't imagine how bad tournament Fitch would be when he needs to conserve his body.
"If you get hit and it hurts hit him back you not knocked out yet."-Joe Doerksen
The Toxic Terrors (FFL)
Demetrious Johnson*Eduardo Dantas*Emanuel Newton*Will Brooks*Michael Page