At "Crossing the Line Again" on February 1, 1997, Raven scored an upset victory over "Dr. Death" Steve Williams after interference from Richards backfired. At CyberSlam on February 22, 1997, Richards and The Blue World Order came to the ring to berate Raven and Brian Lee, who had given a concussion to Terry Funk. After Lee chokeslammed Richards, Tommy Dreamer, and The Sandman entered the ring, eventually fighting off Raven and Lee. Dreamer then helped Richards to his feet and the two shook hands, marking an end to their lengthy rivalry.
As part of an agreement between ECW and the World Wrestling Federation, Richards and several other ECW wrestlers appeared on February 24, 1997, episode of Raw is War, with Richards defeating Little Guido.
At Hostile City Showdown on March 15, 1997, Richards faced Raven and Dreamer in a three-way dance for Raven's ECW World Heavyweight Championship. The match was won by Raven. At ECW's first pay-per-view, Barely Legal on April 13, 1997, Richards faced Terry Funk and The Sandman in a triple threat match, with the winner facing Raven for the ECW World Heavyweight Championship in the main event. The match was won by Funk, who went on to defeat Raven.
On May 1, 1997, episode of ECW Hardcore TV, a controversial angle took place in which a morose Raven confronted Richards, telling him he had one final "mission" for him. Raven then attacked Richards before begging him to "end my pain". At The Buffalo Invasion on May 11, 1997, Raven and Richards reformed their tag team to face Dreamer and Funk, with Richards pinning Funk despite bickering with Raven throughout the match. In the main event, Raven, Richards, Funk, and The Sandman faced one another in a four-way elimination match for Funk's ECW World Heavyweight Championship. During the match, Raven DDT'ed both Funk and The Sandman and then demanded that Richards pin them and then lay down for him. Richards refused, instead super kicking Raven and enabling Funk and The Sandman to pin him. During the match, Richards suffered a neck injury when Funk slammed the metal guardrail onto his back and neck. Shortly thereafter, he announced his retirement from professional wrestling, making his final appearance with ECW on the May 29, 1997 episode of ECW Hardcore TV.
Richards broke his retirement in August 1997, signing a contract with World Championship Wrestling. He made his debut on the July 13, 1997 episode of WCW Monday Nitro, confronting Raven, who had also just signed with WCW. At Clash of the Champions XXXV on August 21, 1997, Raven defeated Richards in a no disqualification match. In September 1997, Richards rejoined Raven, sitting with him in the audience during WCW events.
After leaving WCW, Richards wrestled a handful of matches for ECW in December 1997, defeating Chris Chetti at Better Than Ever, before returning to the independent circuit, where he primarily competed in the northeastern United States.