UPDATED: James Storm Reportedly Leaving TNA After Slammiversary

UPDATE:

– PWInsider has an update on the pending exits of James Storm and Magnus from the TNA roster. According to the report, both James Storm and Magnus asked for their releases because TNA is running fewer shows than they did previously. As a result, both Storm and Magnus have been making less money.

In addition, Storm and Magnus will have opportunities to work elsewhere and both wanted to try and make more money for their families. TNA reportedly understood both men’s issues, since talent are making less money due to less shows. Per the report, TNA is facing a new reality where the company is largely producing a TV instead of being a full-time wrestling company that regularly runs live events too. TNA now has to change the way the company operates to reflect its current situation.

Currently, TNA’s plan is for both men to come back and continue working the tapings and to be a part of the TV shows while both men work on finding other shows to supplement TNA appearances. TNA is said to be willing to risk allowing WWE to make a run at either talent because the company has so much respect for Storm and Magnus.

Besides Storm and Magnus, Austin Aries’ contract is also expected to expire following the Slammiversary event tomorrow. Per the latest report, TNA still wants to work with Aries in the future.

ORIGINAL:

– Brian Fritz of Sporting News is reporting on his Twitter account that James Storm has asked for his release from TNA Wrestling and is planning to leave following tomorrow’s Slammiversary PPV event. According to Fritz, Storm asked for his release from the company and received it. In addition, he was reportedly telling people at the Impact TV tapings this week that he was leaving the company. You can check out Fritz’s tweets below.

If you missed my @periscopetv I was told that @JamesStormBrand has received his release from @IMPACTWRESTLING, leaving after #Slammiversary.

— Brian Fritz (@BrianFritz) June 27, 2015

He asked for and received it a few days ago and was openly telling people at the #Impact tapings last night he was leaving the company.

— Brian Fritz (@BrianFritz) June 27, 2015

Meanwhile, Storm posted some tweets and pictures from last night from what may have been his goodbye dinner. You can check out Storm’s tweets below.

See @Angelluisr even people at the @HardRock #Pledge2TheRevolution Get your finger up or shut up. See ya Sunday. pic.twitter.com/umr5xgC29J

— James Storm (@JamesStormBrand) June 27, 2015

See @Angelluisr missed a great time at @HardRockOrlando with @ShaneHelmsCom @The305MVP @KennyKingPb2 @mrkenanderson pic.twitter.com/ZDnhXc5eIZ

— James Storm (@JamesStormBrand) June 27, 2015