Controversial Cubs World Series Ring Removed From Auction Site

CHICAGO, IL -- An authentic 2016 Chicago Cubs World Series ring has been removed from the Leland's Auctions website. The site said that it worked with the Cubs to take the ring down. A Cubs official confirmed that the scout who put the ring up for sale is no longer with the team, but was unable to clarify the nature of the parting of ways or when it happened.

The ring stirred up controversy when it was put up for sale at the end of September; Cubs officials said the scout who posted the ring was under a contractual agreement to give the team the right of first refusal for its purchase.

Earlier this month, Cubs spokesperson Julian Green issued a warning that the ring could be counterfeit; however he said the team was recently able to confirm it is indeed authentic. The auction for the ring had earned more than $35,000 by the time the warning was sent out, and according to memorabilia experts, could've fetched more than $100,000.

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The Cubs require non-players receiving rings to sign an agreement that gives the Cubs the right to buy back the rings for $1. Team officials said the rule was issued out of concern that the rings would be devalued. Under the agreement, anyone who owns one of the rings must tell the Cubs about a potential sale, and give the team the right of first refusal.

The auction for the ring started Sept. 27 with an opening bid set at $1,908, and until it was taken down, was set to run until Oct. 27.

Chicago Cubs general manager Jed Hoyer displays his World Series ring during the team's ceremony April 12. (photo by Jonathan Daniel | Getty Images Sport | Getty Images)