News: TNA releases several stars
In the past few days, TNA Wrestling have released several notable talents from their contracts and allowed others to lapse, with no intention of renewal.
Names include Joey Ryan, Crimson, Christian York, Madison Rayne and Taeler Hendrix.
This comes amid worrying rumours that TNA have fallen several weeks behind on payroll and their working relationship with OVW is troubled at best.
Clem's Take: A bout of releases in quick succession definitely lends itself toward confirming the money troubles. With a handful of top tier talent drawing gigantic paychecks for relatively little activity, I can't help but think TNA are coming at this problem from the wrong end of the roster. Rather than cut up and comers who weren't costing much anyway, eliminate their main problem - Hulk Hogan. Rumoured to rake in as much as $75,000 for every appearance, he's being paid a small fortune to bumble through promo after promo. He hasn't popped the ratings one bit and after three years, TNA have reaped all the benefits they're ever going to get. Cut Hogan from one show and you could pay Joey Ryan for an entire year. I know which option I'd prefer.