New Zealand Cricket and Jacob Oram have mutually agreed to an early release from his NZC Playing Agreement.
Oram has reflected on his playing future and believes he can no longer commit to focussing full-time on playing for New Zealand and the various obligations and demands that go with having a NZC Playing Agreement.
Oram plans to keep playing professional T20 cricket for Central Districts and intends to be involved in other competitions around the world.
"This was a very difficult decision but in recent weeks I have come to the conclusion that I can no longer make a full-time commitment to NZC," a statement from Oram said today.
"Various factors have led me to make this decision including my age, the stage of my career and the impending birth of my second child.
"I really enjoy the Twenty20 format and see it as a way to stay involved in cricket for a while longer."
NZC Chief Executive David White said they understood Oram's situation and respected his decision.
"A NZC Playing Agreement has significant obligations on players and requires a full-time commitment and focus on playing for New Zealand," White said.
"We understand Jacob's situation and accept his request to finish his Playing Agreement early."
Oram will no longer be a full time NZC Contracted Player but this does not necessarily prevent him from playing for New Zealand in the future.
"Form and fitness permitting the selectors may well consider him for matches or events in the future," added White.
"However, that said, it is appropriate for me to thank Jacob for his excellent contribution to New Zealand Cricket over the past 12 years.
"Jacob has been a highly valued member of the Black Caps team and can be very proud of his achievements on the field."
Oram said: "I have loved every minute I have been fortunate enough to play for my country but the time has come for me to prioritise other areas of my life.
"Fortunately as a professional cricketer I can continue to play some T20 cricket as I transition into the next phase of my life.
"If the timing was right, and my form and fitness warranted selection, then I would definitely be available to play T20 cricket for my country but I have absolutely no expectations of NZC in that regard."
Under the terms of the Master Agreement between NZC, the New Zealand Cricket Players Association and the six Major Associations, another player will now be offered an NZC Playing Agreement for the remainder of the contract period to 31st July 2013.
NZC will work through the required process and expect to announce a replacement player in the New Year.