According to Braeden,
We reached an impasse in the negotiations,” Braeden told EW.com. “I have shown flexibility, they have shown none. It is over. I pulled the plug. That’s it. No more. If I show good will, I expect it to be reciprocated. If there is a rigid attitude on the other side, what is there to to negotiate? That’s a sign of utter disrespect. I will not negotiate with people who remain aloof and arrogant about the whole thing. Not after 30 years, I won’t do that. I’m saying this with a great amount of sadness because I’ve had nothing but respect for my fellow cast members, I have deep respect for the crew who has done an extraordinary job year in and year out, and I have enormous respect for (head writer) Maria Bell.
TV Guide Canada's Nelson Branco visits with The Young and the Restless star Eric Braeden about his recent exit from the show.
TVG: What did your family think?
EB: Well, this is a tough business. They understand how this business works. We have seen people come and go. I’ve been acting since 1962, so we’ve seen a lot of things. It’s a rough business. They were trying to intimidate me — and no one scares me. Sorry, but you don’t do that to me. They tried to intimidate me with the storyline. They tried to intimidate me by leaking and implying that they wanted to recast my part or create a Victor clone with this super-millionaire Tucker role. Talk about blatant! Let me clarify that most of this “news” was leaked long before I even knew that Sony was planning to renegotiate my contract. As far as I was concerned, my contract wasn’t even up for another year. So when news of a potential recast came out, well, it’s clear that this leak could have only come from the inside.
On Air On Soaps' Michael Fairman caught up with some of The Young and the Restless' stars, including Kristoff St. John, Daniel Goddard, Sharon Case and Adrienne Franz, at the recent World Magic Awards, where they spoke out on co-star Eric Braeden's contract issues.
KRISTOFF: I think that no comment is the best policy to take when other actors are going through contract talks. I don’t believe Eric Braeden will leave the canvas as the character of Victor Newman, but if he does, it would be sad to see him go at such a critical time in the show’s history. We have a guaranteed two years left on network television. I think in order to survive and to get another contract and licensing agreement out of CBS, the wise decision would be to get him back. Is it the wisest decision for Eric to accept the terms of the contract? I don’t know, and I cannot comment on that. It would be a huge loss to the show and the audience worldwide. READ MORE
In the wake of the news of Eric Braeden's departure from The Young and the Restless, the actor frankly discussed his alter ego Victor's exit with Entertainment Weekly's Lynette Rice.
What does this say about the state of the industry when a production company is asking the star of the No. 1 show in daytime to take a pay cut? Should everyone be worried? READ MORE
Yes, though it depends on what the star does. All options are open right now. What can I tell you? I know there are certain economic realities that dictate the actions they are taking right now, but the manner in which its being done is most insulting.