According to Evan Shoman at mixedmartialarts.com:
I just got off the phone with Gerald Harris and he has been released by the UFC.
[UPDATE] – Damon Martin (from MMAWeekly.com) tweets:
Just got the confirmation that Gerald Harris was indeed released by the UFC today. Devastated by that one. Does not make sense.
Gerald Harris was awarded two “Knockout of the Night” bonuses before his decision loss at UFC 123:
Gerald “Hurricane” Harris (17-3)
Loss Maiquel Jose Falcao Goncalves – Decision (Unanimous) UFC 123
Win Dave Branch – KO (Slam) UFC 116
Win Mario Miranda – TKO (Punches) UFC FN 21
Win John Salter – TKO (Punches) UFC FN 20
HT: Papercut Elbow