Source: PWInsiderPWInsider has confirmed earlier reports that Jim Ross retiring from WWE was mostly a Vince McMahon decision and at least partially had to do with his behavior during SummerSlam weekend at the 2K14 panel. Ross retiring is actually WWE's way of announcing that he had been let go without causing any major uproar among fans since Ross is so beloved. This way, Ross could leave the company as a hero who left on his own.
As noted, the decision was made by Vince and Ross was informed in the past two days or so. Ross has already received one major offer to sit down and record a shoot interview about his career.
Ross did reveal on Twitter that WWE will still carry his JR's BBQ products. He tweeted:
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