Mauro Ranallo announced the following today on his Instagram page: 

"THE NXT CHAPTER BEGINS! 

WWE and I mutually agreed to end my responsibilities on SmackDown having nothing to do with rumors about disputes. As I remained under contract with WWE, we discussed a variety of options. Despite originally agreeing to part ways, there was always a desire to continue working together. We have come to terms on a new agreement that benefits both WWE and me, and I am thrilled to announce I will now be part of the NXT broadcasting team."

 

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