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WWE and Mauro Ranallo come to terms on settlement

WWE and Mauro Ranallo reached terms on a settlement today which included statements by Ranallo and JBL to attempt to end the story.

Newsweek had been working on a major story on the situation which led to the sides reaching a settlement and a new story just came out with the news where Ranallo and JBL both spoke and Ranallo said his leaving had nothing to do with JBL.

"WWE and I have mutually agreed to part ways. It has nothing to do with JBL," "Ranallo wrote via e-mail.

As part of the deal, Ranallo will remain under contract through August 12th, although his deal allows him to do anything except pro wrestling. Ranallo has said that he will broadcast pro wrestling in the future.

Layfield was quoted as saying, "Admittedly, I took part in locker room pranks that existed within the industry years ago," Layfield told Newsweek in a statement. "WWE addressed my behavior and I responded accordingly, yet my past is being brought up because of recent unfounded rumors. I apologize if anything I said playing `the bad guy' on a TV show was misconstrued."