Plenty of Pro Sports team do this all the time and they're not hurting for cash.
They sign a guy to a big deal then when its time to resign they offer him less because they realize he wasn't worth the price. What you don't understand is if you pay a guy like Chris Daniels $300,000 per year and he wants $400,000. Everyone in TNA will want a 25% raise and all the guys on his level (upper midcard) will want a similar deal.
Also when was TNA actually up for sale? I don't remember Panda making an announcement. Also what did the rumors do to TNA? This isn't a publicly traded company so there is no need to kill potential sale rumors. The sale rumors probably help TNA more then anything.
WRONG. The only positive out of cutting down someone's salary is the hope that you're bringing in a megastar that's going to drive TNA business. Otherwise cutting someone's money MEANS YOU CAN'T PAY THEM. You're totally foolish if you think everyone in TNA would want raises. If anything they just want to be paid the same amount as their previous contract. When that's not happening, that gives a serious red light to the wrestler.
So you really going to ignore all the reports of TNA's financial problems that they had for years? Shitty house show attendance, shitty PPV revenue, cutting staff, not paying staff on time, etc. If they were in better condition, they wouldn't be making these constant cuts. WHATS SO HARD TO UNDERSTAND.
Panda not making an announcement means jack shit. Most companies don't make official announcements until they have strong interest from buyers and deals have strong possibilities of being completed. On top of that, they most likely wanted to cover up their financial problems to the staff in order to keep them in place. ONCE AGAIN ALL THE REPORTS ARE WRONG AGAIN. THOSE DAMN DIRT SHEETS.
Ya'll will defend TNA to the grave. It's sad. There's nothing wrong with admitting that your favorite company is in bad shape.
Who said TNA can't afford them. Not one of us on this board is privy to TNA's financial dealings.
If TNA is in such bad shape why did Jeff Jarrett want to buy them?
Are you serious right now? Every company that's in bad shape has potential buyers. The bad companies get sold off and the new ownership implements changes to rebuild the company. Do you know anything about business?
That is mostly speculation and an educated guess. It might be right but it is not confirmed. It could have simply been a re-evaluation of what they were paying talent and deciding it was too much so they offered a lower deal that they thought was proper and in line to the talents worth. TNA does it and it is seen as a bad sign. Most other companies do it and it is seen as good business.
YES LETS OFFER LESS MONEY TO OUR TOP TALENTS BECAUSE SUDDENLY AFTER ALL THESE YEARS
THEY'RE NOT WORTH IT. Think about how that sound? SUDDENLY
offering less money or cutting them completely means they can't afford them.