Would normally post something like this in the general discussion thread, but obviously if Hogan is released it is likely to have a significant impact (no pun intended) on TNA's future. Via prowrestling.net:
IMO it would be better for all sides if TNA let Hogan go. He hasn't had any noticeable effect on ratings and his influence over the company has caused it to start bleeding money at a horrific rate, to the point where they cannot renew a huge amount of contracts.Hulk Hogan's contract with the company expires on October 1, according to multiple sources within the company. There is no indication that Hogan and TNA have come to terms on a new deal. Sources within the Hogan camp declined to comment on the matter.
Powell's POV: It seems logical that Hogan worked out his original deal so that it would expire shortly before the Bound For Glory pay-per-view, as that would give him the most leverage given that it's TNA's biggest event of the year. I am not aware of whether TNA has an option to trigger a renewal clause as they did last year.
Hogan isn't really getting anything out of TNA either. Yes, he's paid a fair wedge, but he could get just as much doing promotional events or one off appearances with WWE - where he'd also get significantly more exposure.
Are there any pros to Hogan staying in TNA ... ? He's still big abroad, I guess? But unless TNA are planning to set up in Germany or the UK it's kind of irrelevant.