The Keith Olbermann II era at ESPN is over.

Olbermann — whose second run at the “Worldwide Leader” as the host of the ESPN2 show “Olbermann” lasted less than two years — is back on the market. He will be out when his deal expires on July 31, according to the network.

“Keith is a tremendous talent who has consistently done timely, entertaining and thought-provoking work since returning to ESPN,” the network said in a statement. “While the show’s content was distinctive and extremely high quality, we ultimately made a business decision to move in another direction. We wish Keith nothing but the best and trust that his skill and ability will lead him to another promising endeavor.”

Sources told Deadspin Olbermann discovered he was out at ESPN on Wednesday, but a network source told the website that wasn’t the case.

“[Keith and his agent] knew of this well before today,” the source said.

In May, Bill Simmons also found out via Twitter his ESPN contract talks were over.