Source(s): WZROnline.com & Pwinsider.com

As we've been reporting here on the website, both Bully Ray and Devon are in the middle of contract negotiations with TNA. Numerous sources report that the two could be on their way out despite the fact that TNA made a strong contract offer to Bully Ray. No word on what they offered Devon as of this writing. We're told the duo has less than three weeks left on their current contracts.

Ray has been handling the negotiations and he feels that TNA has not treated them with the respect they deserve. One of the reasons Bully Ray is pissed is due to the fact that TNA waited until the very last minute to work on a new contract. Ray has been pushed as one of the company's top heels and is in the best shape of his career. He has also been working behind the scenes as an agent.

We'll keep you posted as we hear more.