Matt Hardy's current WWE deal expires on 3/1, so if he does not come to terms on a new deal, he would be free to appear anywhere on that date. Hardy has obviously been preparing for a potential exit with his "Release the Delete" videos online and we are told that the major hurdle between the two sides is how he would be used going forward, not money.
Jeff Hardy's deal will not expire at the same time as it has been held up at times due to his legal issues and injuries. Hardy has a hearing on 1/13 on his DWI arrest last year. We are told that WWE has pushed Hardy to address his personal health in the wake of the arrest and Hardy has been working hard at doing so.
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