We've been covering the story about Jeff Hardy's WWE contract status and the possibility of Jeff taking time off when it expires this summer. Jeff has turned down several of WWE's attempts to sign him to a new contract and the former WWE champion is said to be considering extended time away from the ring.

The latest is that Jeff has been giving the impression to friends that he will in fact re-sign with WWE before his contract expires this summer. While he is burned out with the hectic travel schedule, his willingness to walk away from WWE has given him negotiating leverage and he will likely ask for a reduced schedule, similar to the Undertaker's deal.

In related Hardy news, the former WWE Champion has had talks with MTV regarding a reality television series. Matt and Jeff currently produce the online video show "The Hardy Show" and the MTV series would likely tie into that.