Bobby Flay is getting out of the kitchen, at least at his longtime home at Food Network.
The 56-year-old celebrity chef reportedly wanted a staggering '$100million contract' to stay with the Food Network after his current three-year contract expires at the end of the year.
Sources told PEOPLE magazine that Bobby's exit is 'strictly business' as he 'was seeking a deal that would be above Guy Fieri's recent $80 million contract,' but execs just couldn't make it work.
Big time: Bobby Flay reportedly wanted a staggering '$100million contract' to stay with the Food Network after his current three-year contract expires at the end of the year
'Bobby wanted a contract in the ballpark of $100 million,' the source said, while an insider close to the network revealed each contract is 'not apples to apples.'
'Guy has a three-year deal,' they added. 'The terms of what Bobby was looking for were gravely different than just cash. The terms were longer, the scope of work was different and thus the dollars were different. It's not just $80 million to $100 million.'
The superstar chef and the network are 'parting ways' after 27 years, a stint that turned Flay into a household name, according to Variety.
Despite Flay's WME representatives refusing to comment due to 'active negotiations,' a source close to Food Network told the outlet that a 'decision has been made to move on as the sides were far apart on financial terms.'
New ventures: The superstar chef and the network are 'parting ways' after 27 years, a stint that turned Flay into a household name, according to Variety; seen in 2019
The outlet stated that the response given by Flay and his WME reps may be 'an indication that Flay's team sees some hardball negotiating tactics afoot.'
Prior to the reported decision, Food Network and Bobby had 'been in negotiations on a new
