Source: The Wrestling Observer Newsletter

Here is the latest information of AJ Styles' contract situation with TNA.

* Styles has signed an extension, which will keep him with TNA through "late 2013."

* Styles' last contract with the company, a 5-year contract which was due to expire this month, included a clause that stated he would get a raise each year. When it came time to negotiate a new long-term deal, TNA was not willing to offer Styles an annual raise moving forward. The new deal presented to him locked him into one salary for the length of the new deal.

* The financial terms of Styles' short-term extension are unknown, but Styles could very well become a free agent in early 2014 .