RUMOR REPORT: Billy Miller and Michael Graziadei LEAVING Young and Restless — on Their Own Terms!

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While most of the late-breaking casting news out of Genoa City has had women exiting stage left. I'm hearing two dudes are thisclose to making good on long-rumored plans to leave The Young and the Restless. Both Billy Miller (Billy) and Michael Graziadei (Daniel) have decided not to renew their contracts, according to multiple sources.

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"These guys made their decisions to leave before Jill [Farren Phelps] and Josh [Griffith] came onboard," says one setsider. "This isn't part of the bloodbath."

The two popular actors have been booking a slew of gigs in primetime in recent years. Daytime Emmy winner Miller, who has played Abbott bad boy Billy since 2008, had an integral role in The CW's short-lived Sarah Michelle Gellar vehicle Ringer. He also starred in the recent, high profile Lifetime movie Fatal Honeymoon.

Graziadei, who reportedly only signed a six-month extension of his last contract at Y&R, appeared in recurring roles on both The CW's The Secret Circle and FX's American Horror Story. He has been playing the role of Phyllis Summers' (Michelle Stafford) son Daniel on Y&R since 2004.

Photo of Billy Miller by PR Photos