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The 67 year old revealed he'll be leaving the World Wrestling Entertainment world when his contract runs out on 28 March, following a 'mutual' agreement with CEO Vince McMahon.
"My WWE contract, after 26 years, will expire on March 28," he explained on his podcast,The Jim Ross Report.
"After talking with Vince McMahon, we have mutually agreed that I need to move on.
"I still want to play the game, I still think I can do play-by-play even though others around Vince think I can't."
But Ross stressed that he'd be leaving the company on a good note, and that, while he had some criticism for people within the organisation, he didn't have a bad word to say about McMahon - saying the 'smartest thing' he ever did was go and 'work for Vince McMahon in 1993'.
"I will not be returning to the WWE but are leaving with great thoughts," he continued.
"Vince is amazing to Jan and myself and set us up for life financially, for which I can never repay him."
But while he's moving on from WWE, it looks like Ross might not be done just yet - opening the door for future prospects.
"I'm 67, I still feel I can get the job done doing wrestling play-by-play, and I want to explore that opportunity and possibility," Ross said.
"I'll be moving on in a positive way; nothing but good things to say about everyone involved.
"You know, I have my critics in WWE, as we all do, as people do when you're there for very long. It's a very unique community, and I have no regrets.
He added: "I need to get back out there and do what my passion leads me to do.
"I don't know exactly what that's going to be yet but I don't think I'll be out of work for long."
It seems others don't think he'll be unemployed for too long, either, with rumours circulating about a potential move to rival corporation AEW.
According to Bleacher Report, AEW is an 'especially strong possibility' as Ross had Chief Brand Officer Brandi Rhodes on his podcast Wednesday.
AEW is also yet to make an announcement on its lead play-by-play announcer, just sayin'.
Featured Image Credit: WWE
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