Source: The Wrestling Observer Radio
An interesting note from that discussion was that TNA has over 1,000 hours (approximately 1,400 hours) of footage and the going rate from the WWE is about $500 per hour of footage. The word is that the offer from WWE would be at around $500,000 for the entire TNA video library. This is of course a worst case scenario situation, and again, is only speculation.
Meanwhile, TNA is currently having issues shopping the product because Hulk Hogan is no longer with them. Many networks view Hogan as a big draw in wrestling. Since TNA doesn't have Hogan anymore, it's hurting their reputation.