• 'The Big Bang Theory' stars Kaley Cuoco, Kunal Nayyar, Melissa Rauch, Simon Helberg, Mayim Bialik, Jim Parsons, and Johnny Galecki attend the 39th Annual People's Choice Awards.

'The Big Bang Theory' stars Kaley Cuoco, Kunal Nayyar, Melissa Rauch, Simon Helberg, Mayim Bialik, Jim Parsons, and Johnny Galecki attend the 39th Annual People's Choice Awards. (Photo : Getty Images/Jason Merritt)

The most recent reports say that "The Big Bang Theory" Season 11 may not likely happen after all. Aside from the contract negotiation issue, one of the main leads Jim Parson, who plays Sheldon Cooper, appears to be keener in concentrating with other opportunities outside "The Big Bang Theory."

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Parsons is building his new career as an executive producer, and this may be the reason why he may not renew his contract with CBS for "The Big Bang Theory" Season 11. He will be producing the prequel to "The Big Bang Theory," a Sheldon spin-off apart from many other projects lined up for him such as "Lance 2.0," "The Monarchy is Going to Sh*t," "Lakeside V.A." and "The Terranauts."

On the contrary, there are rumors that Season 11 may still push through, but it may be released late in 2017. The reason for this is to allow more time to finish the negotiation happening between the cast members and CBS. It will also provide Parsons more time to concentrate on the projects that he is doing.

Rumors about "The Big Bang Theory" Season 11's cancellation started when it has been reported that the top three biggest stars of the hit CBS comedy series that include Parsons, Kaley Cuoco and Johnny Galecki are asking for a higher pay after Season 10. At the moment, each one of them is receiving $1 million per episode. Moreover, the show is now very expensive to produce as reports suggest that the production cost is around $9 million per episode.

Showrunner Steve Molaro declined to give straight answers when he was asked if the show will continue if one of the original cast members will not be returning for Season 11. He also expressed his wish that hopefully, everything would turn out right and they could do more seasons.

"I have no idea," Molaro told The Hollywood Reporter. "I think it would certainly be different and weird. There's no point in me wondering what it could be when I have 19 scripts staring down at me that need to get written.

Early in January, CBS entertainment president Glenn Geller told Variety that Parsons, Cuoco and Galecki are negotiating their contracts for "The Big Bang Theory" Season 11. He added that they are positive that the top three leads would sign a renewal contract. The entertainment president also expressed that he is hoping that all of them will be back because it is their goal.

Watch a video below about the rumored cancellation of "The Big Bang Theory" here: