The stand-off appeared to be heading to court before the trio terminated their own contracts and were subsequently released by RA.
Rodda (23), who has 25 Test caps, and Lucas (21) were both contracted until 2023 while Hockings (21) was off contract but in talks for an extension.
It is now likely all three will pursue careers overseas and be ineligible to play for the Wallabies under current rules.
RA’s director of rugby Scott Johnson, who rated all three as part of the Wallabies’ future plans, had hoped to mediate and ensure they remained in Australia.
But those aspirations were derailed when the players’ agent Anthony Picone slammed the Reds and RA’s handling of their stand down.