UPDATE: WWE Intercontinental Champion Wade Barrett posted the following on Twitter today
When WWE decided to cancel the Intercontinental Cup tournament less than a day after it was promoted on RAW, it was reportedly just the latest example of the booking team changing things up on the fly. This has been happening at ridiculous rates in recent months. At the Royal Rumble pay-per-view, they contacted numerous names, flew them in and when they arrived backstage at the show they were told they weren’t going to be used. The decision was made so that Wade Barrett could continue his feud with Bo Dallas.