Best for Business #2: TJP Just wasn't that popular
While TJ Perkins has been wrestling for a very long time and does have a fanbase, it simply doesn't compare to the size that men like Daniel Bryan, John Cena, and Roman Reigns can lay claim to.
TJ Perkins merchandise didn't sell very well, despite the aforementioned loyal fan base. Due to his somewhat off-putting persona, he never really managed to resonate with the WWE Universe in ways that Mustafa Ali and Buddy Murphy have done.
It comes down to a cost benefit analysis, and when you crunch the numbers TJ Perkins simply didn't justify his presence either on 205 Live or any of the WWE's brands. Add in the fact that he was somewhat difficult to work with backstage in spite of his low q ratings and you can definitely see why WWE made the right decision in letting him go.