I'm really not backing this rumor at all. I know this is lame reasoning, but social media is too out of control to contain multiple drops from one of the biggest skateboarding companies out there. When Braydon left Emerica, he immediately addressed it on Twitter. There are no tweets. Heyl and Reynolds are out on Couch tour right now, and have been posting photos up together.
If my memory's correct, they do an update of the team photos every year around the summer time, because I imagine their sales go up tremendously with kids on summer vacation, people working more hours at summer jobs, Go Skateboarding Day, et cetera. They probably just want to have fresh content up for the many viewers they're going to be getting. Plus with their AM team stacking high, it was probably overdue for an update. I just don't think Reynolds could bare to drop those guys. He would at least open up room for them on Deathwish or another BBD team.