Backstage Report: Major Changes To TNA Contracts

Source: Pwinsider.com

According to sources, much of the TNA roster have been informed over the last week that their current TNA contracts will be changed. The contracts, which include a monthly guarantee, will be dropped by TNA. In their place, TNA is offering per-appearance deals.

Under the old contracts, TNA paid talents a monthly guarantee and then paid them additionally per appearance. So how it worked was if a talent did not work during a month, they got their guarantee, if they worked 5 dates, they then received the guarantee and their fee for the five dates. Some have stated that TNA will now pay talents a little more per appearance than they were, with the idea that it will make up for the loss of the gurantee

Several talents reportedly aren’t happy about the change, due to the loss of the monthly guarantee. Some of these talents could opt to not take the new deal and finish up with the company. This is part of TNA changing the way they run the company from a financial standpoint, since they are only producing TV and not running live events at the current time.

With that being said, top talents like Jeff Hardy and Kurt Angle will likely still keep their guarantee.

REPORT: TNA Talents ‘EXTREMELY FRUSTRATED’ With The TNA Contract Changes – AT LEAST EIGHT DEPARTURES Planned (>>) ……