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Reebok terminates UFC contract with Jon Jones, effective immediately

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And the hits just keep on coming.

Ultimate Fighting Championship (UFC) stripped Jon Jones of his light heavyweight title on Tuesday, then suspended him indefinitely for his involvement in a felony hit-and-run over the weekend, one that resulted in a smashed-up car (see it) and a pregnant woman with injuries.

You can add his biggest sponsor to the list of people jumping ship.

Ouch.

This is not the first time Jones has left money on the table for disciplinary reasons. Back in late 2014, "Bones" was bounced by Nike for his UFC 178 press conference melee with bitter rival Daniel Cormier, according to his testimony before the Nevada State Athletic Commission (NSAC).

Let's hope that Jones has been smart with his money ... we may not be seeing him for awhile.