By Chris Walters on June 30, 2004 at 2:35 PM EST

Sources close to the situation say that NWA: TNA has offered Jeff Hardy a one year contract deal. Negotiations continue and are reportedly going well. Hardy pushes for promotion for his band "Peroxwhy?gen", which occasionally features Shannon Moore on programming and background vocals.

It seems as this will eventually lead to Hardy being a regular on TNA. We expect everything to be wrapped up by the end of the day, as they are advertising a Jeff Hardy update for tonight's pay-per-view.

Sting to sign with WWE?! Read what RIC FLAIR said! Click here now! PWN EXCLUSIVE!

[ Source: Pro Wrestling Insider ]