His contract runs out in something like October. They're just letting him sit out.
Which is a shame, because I don't like Steiner, but he could definitely have use. Putting people over, etc. as a hell. If not on Raw at least on Heat.
Also, yes, I see everyone jobbing to Randy, then dropping it to Triple H, and the cycle repeating.
Steiner's a liability. Knowing that he wasn't getting a renewal, you never know what he would've done.