Hasbro gave Monopoly fans the chance to remove one classic token from the board game and replace it with a new token. Players selected the cat as the new token and decided it was time for the iron to go.
Eric Nyman, senior vice president and global brand leader for Hasbro Gaming, said in a statement, "We know that cat lovers around the world will be happy to welcome the new cat token into the Monopoly game. While we’re a bit sad to see the iron go, the cat token is a fantastic choice by the fans and we have no doubt it will become just as iconic as the original tokens."
The announcement of the cat as the new Monopoly icon was made on the Today show. They had a large version of the cat icon on the set. Take a look: