This is usually the moment in comp matches where I'd pull out my patented "I'm too old for this shit".
Back on track kids, as #5 suggested they might be holding on until OWL to make any needed adjustments or any additional feature they wanted to add. Impossible to say unless you have insider information on their timeline and priorities.
Like Rem said I'm not convinced it'll be out for Contenders Season 1 but honestly you never know but again this isn't game breaking for the game so I'd rather have a polished product that's ready to go than a partial one that needs many more iterations.