Source: Pwinsider.com

TNA is contacting a number of talents today to inform them that they've been released from their contracts in further cost-cutting moves. There may be as many as five to eight names released today.

The second name to be confirmed as released is Sam Shaw. Shaw won a slot with the company via the TNA Gutcheck program; he will appear on the Hardcore Justice One Night Only PPV that airs starting on Friday.

As noted earlier, Madison Rayne is also done with TNA for the time being.