Rascal Flatts have parted ways with their managers of 10 years, Trey Turner and Doug Nichols of Turner Nichols & Associates. In a statement, the group says, "We will always consider Trey and Doug to be part of our family. And we have nothing but the utmost respect and appreciation for the work that we've done together over the past 10 years." In addition, Turner and Nichols stated, "The Flatts are great guys and will always be part of our family, as well. We wish them nothing but the best." Rascal Flatts signed to Big Machine Records in 2010 after spending their career at Lyric Street Records. However, despite having a No. 1 hit with "Why Wait," their first single at the new label, they were overlooked when the ACM award nominations were announced last week.