they said SM rejected all their negotiations, so they were never staying in SM anyway (at least not the full group).
as for the renewal, it is said that baekhyun can cancel his renewal since his original contract isn't over. he's probably doing that. i don't see him staying in SM anymore.
now will we see an ot8 comeback again? that would depend on the remaining members, if they stay with SM then no ot8 comeback.
He can cancel his contract? I thought the fine line said no that is why he is sueing the company. Good for him then.