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June 03, 2016 04:40 PM

The drama continues after Tamar Braxton‘s abrupt departure from The Real.

In response to speculation that Braxton’s former co-hosts were behind the decision not to renew the singer’s contract for the third season of their syndicated talk show, The Real producers have released a statement to PEOPLE.

“Tamar Braxton’s contract was not renewed for reasons that will remain privileged and private, and that are between her and the Studio,” reads the statement. “However, we would like to make it crystal clear that Ms. Braxton’s departure from the show had nothing to do with her former co-hosts; any suggestion to the contrary unfairly tarnishes them. As always, we wish Tamar and Vince all the best.”

After learning she would not be asked to return as a co-host alongside Tamera Mowry-Housley, Jeannie Mai, Adrienne Bailon and Loni Love, Braxton took to social media May 21 claiming she was “stabbed in the back” and was shown on her reality show Braxton Family Values on Thursday in tears and stating that she felt “disrespected,” “let down,” and “disregarded.”

But a source close to production has insisted to PEOPLE that “the executives wanted to handle the transition with grace and dignity.”

And while she was in tears on her show Thursday, things are looking up for Braxton. That same day, Steve Harvey revealed that he is looking forward to working with Braxton on a new show.

“We saw the opportunity of what people may recognize as the end, but it’s not,” Harvey said on The Steve Harvey Morning Show on Thursday. “It’s such a beginning. She has such a bright future. She is such a star. She has so much to offer. She is a plethora of talent. We think she would make a great game show host, we think she would make a great talk show host, we think she’s in line to produce a number of series … we are proud to announce today that Tamar Braxton is already on her feet.”

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