Legendary commentator Peter Sterling has shot down online rumours about why he is retiring from the Wide World of Sports team.

Sterling recently confirmed he was walking away from a job he has held at Nine for almost three decades.

“I’m retiring. I’m not looking for more work,” Sterling told The Sydney Morning Herald.

:That conjecture disappointed me. I have another year on my contract at Nine and they asked would I reconsider. I’m also not leaving to open up things for younger people; they can make their own way.

“It’s purely a personal decision that it is the right time to walk away from something that has given me absolutely everything. It’s now the right time to give everything elsewhere.”