* The company was especially pissed when Ric Flair mentioned Reed Flair's death during the panel. They were also upset when Flair mentioned that John Cena was a "hardcore drinker".
* The people who put on the event (2K Sports) LOVED what they got as we noted above. This was not a WWE event. 2K was thrilled with the media attention as they got tons of extra coverage due to how crazy things got. Stephanie McMahon apologized to 2K executives after the event and 2K said they were fine with what went down. There are many people rolling their eyes as WWE is extremely pissed and the company that was in charge of the event was happy with it.
* Things got pretty tense over the weekend as the Jim Ross rumors started back up. Many were under the impression he'd be fired once this week's TV tapings were finished.
* It all comes down to this - WWE was pissed that Ric Flair and Jim Ross didn't represent the company in the manner they should have. All the blame went on the two of them and both are no longer affiliated with the company. It's well known that you represent the company the way they want you to and Ross and Flair failed to do that in WWE's opinion. The fact that 2K Sports (the company in charge of the event) loved what they got (including all the extra media attention) makes it even more mind boggling that WWE wouldn't just let it go and ended up releasing Ross in the end.
More as we get it.
Also, let us know your thoughts below!
UPDATE x 2: As announced earlier, WWE Hall of Famer Jim Ross is retiring after 20 years with the company.
Aside from Jim Ross wanting to focus on "other business ventures" (most notably his JR's Barbecue company), we're told that WWE Chairman Vince McMahon had a role in his departure.
According to sources, Ross and McMahon met yesterday (Wednesday) to discuss Ross's future with the company, which led to the decision for Ross to retire.
It's being said that Ric Flair's unruly behavior at the WWE 2K14 panel during SummerSlam weekend was a contributing factor in his departure. WWE management felt that Ross, who hosted the event, should have cut off Ric Flair when he went off-script and made several controversial remarks in front of WWE & 2K Sports executives.
UPDATE: Following WWE.com's announcement that Jim Ross is retiring after 20 years with the company, WWE Chairman Vince McMahon tweeted 'thank you' messages to him:
"Thank you @JRsBBQ for 20 years of service with @WWE."
Triple H tweeted:
"Can't thank you enough @JRsBBQ for all you've done for me personally and for @WWE ... Enjoy your time, you've earned it!!! #thankyouJR"
WWE.com has re-published video footage from last October's Jim Ross appreciation night, which you can view here.
"Jim Ross" is also trending worldwide on Twitter and many fans are using the hashtag #ThankYouJR to share their favorite Jim Ross memories.
ORIGINAL: The following is from WWE.com:
WWE Hall of Famer Jim Ross announced that he is retiring from WWE today, after 20 years of service, to focus on his personal business endeavors.
Jim has had a long and storied career at WWE, both on the corporate staff as well as his television persona, calling some of the most memorable matches in WWE history as the voice of Monday Night Raw and SmackDown for more than two decades. He made his debut with WWE at WrestleMania IX in 1993 and was inducted into the WWE Hall of Fame in 2007 by his long-time friend “Stone Cold” Steve Austin.
Jim has made many contributions to WWE and the sports-entertainment industry, and we thank him for his many years of service and wish him well.