Why Jeff Hardy Isn't TNA World Champion + WWE Update
Partial Source: The Wrestling Observer Newsletter
WWE's last unofficial offer to Jeff Hardy before he went to TNA had a $750,000 downside where he would only have to work 65 dates a year, giving him the biggest break on the schedule out of any WWE stars, including Shawn Michaels.
Obviously Hardy turned the deal down as he was upset that nobody backed him after his drug arrest and he was upset over the promos that WWE had CM Punk cut on him after he left the company. The feeling was that Hardy wasn't with the company at the time and the promos from Punk weren't business as they weren't used to build a match.
It's believed that Hardy would have been a lock for TNA World Champion over Rob Van Dam if it weren't for his court case that's still up in the air.