50 Cent says TMT is no more, although he doesn't offer a lengthy explanation as to why.

50 Cent, who only announced the formation of his boxing promotion company, The Money Team, this past summer, is already calling it quits.

The music industry mogul took to Twitter to say he is no longer apart of, or down with TMT, and says he's selling his TMT jacket for $1. Instead, he has SMS Promotions, linked with his SMS audio headphone line.

Although he didn't give much of an explanation as to why TMT has disbanded, we can assume his new deal with Manny Pacquiao played a part.

Check his tweets detailing the situation below.

I'm no longer apart or down with TMT promotions. SMSaudio

— 50cent (@50cent) November 1, 2012

TMT IS OVER the money team is no longer a team. So it SMS promotions that's it thats all.SMSaudio

— 50cent (@50cent) November 1, 2012

If anyone wants a money team jacket I'm selling mine for a dollar. The nap back hat comes with it. That's a fare price. SMSaudio

— 50cent (@50cent) November 1, 2012

I move the fighters to SMSpromotion cause the other half of the money team .Didnt put up there $MONEY$.SMSaudio

— 50cent (@50cent) November 1, 2012