A new rumor has popped up saying that T-Mobile will end its phone contracts sometime this month. T-Mobile has already announced that they would be moving away from phone subsidies and plans, but a firm date for when the transition would be complete was never given by the company.
According to the rumor, T-Mobile will "kick their uncarrier efforts off on March 24." The rumor also says that we can expect an announcement before that date, possibly as early as March 4. You should expect no more contracts for T-Mobile. Those currently on contracts will remain on them until they expire or the user upgrades to a new device.
Early termination fees will be no more as there are no longer any contracts. T-Mobile should be instituting an equipment installment plan, such as $30 per month, so that devices will be no more than $99 initially.