By Whitney Pastorek
April 26, 2010 at 06:34 PM EDT
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Image Credit: John Ewing/Retna Ltd.According to Billboard, the men of Weezer have left Geffen Records, their label home of 16 years, and plan to strike out on their own. “We’re always planning and scheming something,” bassist Scott Shriner told the trade mag. “We’re always working on some new music. I can’t really go into any detail about that yet, but we’re all writing and working on new stuff.”

But a rep for the band tells EW.com that although the band has fulfilled their contract with Geffen, they’re negotiating a possible new contract with the label, and nothing has been decided about their future at this point.

The band is planning a deluxe reissue of their so-underrated-at-the-time-it-almost-made-Rivers-Cuomo-lose-his-mind 1996 sophomore release Pinkerton, and pulling together an “Odds and Ends” collection of B-sides and rarities. “There’s so many cool things that we’ve recorded for records that never made the [albums], I think they had to get out there,” Shriner told Billboard. “Finally it’s going to happen.”

And in perhaps the best news of all, Cuomo is reportedly “100 percent again” after the horrifying Dec. 6 bus crash that broke three of his ribs and sidelined the band’s tour. They’ll be back on the road this summer, mostly playing festival dates (Bonnaroo!), and, one supposes, figuring out how to run their own record label.

(Follow the Music Mix on Twitter: @EWMusicMix.)

More from EW.com’s Music Mix:

Grizzly Bear gives a new song to Washington’s Lottery ad: Watch and hear it exclusively here!

Tokyo Police Club, ‘Boots of Danger (Wait Up)’: A Music Mix exclusive stream

‘Gossip Girl’ star Taylor Momsen talks her debut single, upcoming album, and why she doesn’t like pants

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