Rumors have been floating around for weeks that big casting changes were coming to Oakdale. Now one actor has confirmed his exit – Jon Prescott (Mike) said on his website that he is leaving the show! The message on Jon’s website lists budget constraints as the reason for Mike Kasnoff’s exit from the show.

“I’d like to express my gratitude to the entire cast, crew and production team who have made this an irreplaceable experience. Most importantly, thank you to the fans who have been energetic supporters of both Mike Kasnoff and the show as a whole,” wrote Jon. You can read the rest of his statement by clicking here.

Jon joined the cast as the third Mike Kasnoff in the spring.