Drew Carey Couldn’t Go Through with It, and The Reason Why Will Leave You Speechless. After years of planning a life together, the devastating revelation behind their broken engagement comes to light. An inside source reveals the unexpected, painful conflict that led to Price is Right host’s last-minute change of heart, leaving a once-perfect relationship in ruins and a question of what could have been.

Drew Carey calls off engagement to fiancee of 5 years

The price may be right, but the relationship was all wrong.

Sadly, Drew Carey has called off his nearly five-year engagement to Nicole Jaracz, his longtime fiancee.

“The Price Is Right” host popped the question to the culinary school grad and mother to 6-year-old Connor (from a previous relationship) back in October 2007, though no wedding date was ever set (or at least announced).

So what went wrong?

The verdict is still out, though Carey’s rep released a statement indicating that their separation was an amicable one. He also made clear that despite their split, and despite Connor not being Carey’s biological son, the star would still play an active role in the boy’s life.

“He and Nicole still have a great deal of love and affection for one another,” his rep told People. “He will still be very involved with their son’s life.”

The 53-year-old even credited the boy, whom he refers to as his son, with being the motivation behind his more than 70-pound weight loss, telling Parade back in 2010, “I thought, I’m never going to see him graduate high school.”