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In the wake of Monday’s felony arrest, Reebok has terminated its sponsorship with UFC fighter, Jon Jones.

On Wednesday morning, ESPN reporter, Darren Rovell confirmed the news via Twitter, writing:

“BREAKING: Reebok has terminated the contract of UFC fighter Jon Jones effective immediately.”

A spokesperson for Reebok also told MMAjunkie that “In light of recent events, we’ve made the decision to terminate our contract with Jon Jones, effective immediately.”

Jones was also stripped of his light heavyweight title and suspended from the league indefinitely. “He’s very disappointed. He’s upset. He wanted to go down as one of the greats or the greatest,” UFC president Dana White said on Fox Sports Live of Jones. “He’s disappointed, but it is what it is. It is the decision we had to make.

He added, “For us to go in and have to strip him of his title and suspend him is not fun, but you know what they say: The show must go on.”

On Monday, Jones was taken into custody on felony charges after his involvement in a hit-and-run in Albuquerque just one day before. Jones apparently fled the scene before returning to get cash from the car.

The hit and run victim was a pregnant woman who was taken to the hospital after suffering a fractured arm.

“Got a lot of soul searching to do,” Jon tweeted on Tuesday night. “Sorry to everyone I’ve let down.”

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