WWE reportedly wanted to use Bully Ray for a one-shot booking at the May 15th NXT live event in Philadelphia but an appearance he made for TNA caused WWE officials to change their mind.
WWE wanted to use Bully because he would have received an easy pop in Philadelphia but ended up giving the role to Tommy Dreamer, who lost to Baron Corbin that night. WWE lost interest in using Bully when he appeared on the May 8th TNA Impact Wrestling episode to special referee a World Heavyweight Title Match between Eric Young and Kurt Angle. It should be noted that Dreamer has also been working backstage and on TV for TNA.
Even though Bully recently returned to TNA as their new authority figure, The Wrestling Observer Newsletter points out that he is still pitching for another run in WWE. Bully spoke with The Fight Network this past weekend and talked about another WWE run, noting that he and Devon are their the best shape in 15 years.
(source: Wrestling Observer Newsletter)