Source: PWInsider EliteAs noted before, Frankie Kazarian finished up with TNA at this weekend's Impact Wrestling tapings. His release came because TNA simply did not want to sign him to a new deal. This is part of the ongoing cutbacks that have been going on since summer 2013.
The feeling was that Kazarian was making more money than TNA was comfortable paying him going forward. Instead of keeping veterans like Kazarian around, TNA is going with signing new, younger talents. It was noted that with the money they were paying Kazarian, TNA can pay for 2 new guys.
It's said that money is tighter than ever for the company.
Become a PWInsider Elite member by clicking here. Elite members get access to hotline reports from their staff, two weekly audio shows, a weekly newsletter and an ad-free version of PWInsider.com.
Got a news tip or correction? Send it to us by clicking here.
Short URL: http://goo.gl/yEh6NP
WWE Diva Announces Her Retirement
How Did Last Night's WWE Tough Enough And Total Divas Do?
More Racist Comments From Hulk Hogan During Conversation With Son Surface
Brian Cage Calls WWE "Idiots" For Letting Him Go; Talks Brock Lesnar Comparisons, Alberto El Patron
Alicia Fox Concussion Note, The Miz Trying To Have Ryback Stripped?, The Kliq Special, WWE Stock
Taz Weighs In On Hulk Hogan Controversy, Says He Thinks Hogan "Is Done"
Today In Wrestling History 7/29: Kevin Nash Uses Rey Mysterio As A Dart, Jake Roberts Turns, More