Although there are obvious rumors that he's headed to TNA, at this point there's nothing to confirm what he was actually signing.
Helms was released from WWE in February 2010, after a lackluster stint on the ECW brand. He'd also just been involved in a drunken incident with Chris Jericho where they both received tickets for public intoxication.
Since his release he started up web show, and has had some choice words for HBK.
You can watch the video below: