Partial Source: Pwinsider.com

As we noted earlier today here on the website, Velvet Sky could be leaving Total Nonstop Action Wrestling just as her former "Beautiful People" mate Angelina Love did. According to sources, the popular grappler is on the verge of parting ways with company due to a major contract dispute.

Bruce Prichard, who serves as Talent Relations for the organization, has reportedly asked numerous wrestlers to restructure their contracts. A company source says some talent who have time remaining on their deals are among those being asked to restructure, even if they're due for raises. Many of those individuals believe they are being presented with "take it or leave it" type offers. Sky is not believed to be among those asked to restructure their contract, but rather, her contract is expiring. She has told colleagues that she is not happy with how the negotiations are going. Unless the two can work out a deal in the very near future, she will be leaving the company.

Sky, who has been with TNA since the inception of the Knockouts division in October 2007, last appeared at a BaseBrawl event in Memphis, Tennessee on July 14. She is presently booked for a Legends of the Ring convention in Monroe, New Jersey the same weekend that TNA holds its annual Bound for Glory festivities. Sky often responds to online rumors via Twitter, but has yet to address the matter.

We reported last week that Mickie James did an appearance at a 2CW show last Friday, losing to Rachel Summerlyn. She hasn't appeared on TNA TV since losing to Miss Tessmacher on the June 21st episode of iMPACT!. James has been telling friends that she is frustrated with her current TNA status. Apparently, she is not the only one. We reported last week that more female talent changes within the ranks of major league wrestling could be in the works as two unnamed female wrestlers are rumored to have requested their releases from TNA Wrestling this week. The official Twitter feed of female independent women's wrestling promotion Women Superstars Uncensored wrote Thursday afternoon, "Hearing rumors two knockouts asked for their releases today...." The account added, "Getting calls from people at TNA tonite, a lot of contracts are expiring. TNA wants to put them on pay-per deals and kill weekly contracts for some. I haven't watched TNA since January 2010 but for people who do, if you don't see someone [on Impact Wrestling] tonight, keep it in the back of your head."

We also reported last night that ources within TNA Wrestling have confirmed that Bully Ray and Devon's respective contracts with the organization will expire in four to five weeks. Both wrestlers have been negotiating new contracts with management but no movement has been made towards agreements being reached.

Bully Ray underwent an incredible career resurgence after retooling his character following the split of Team 3D in late 2010. Likewise, Devon underwent a career rebirth following the split and now reigns as Television Champion. Both assist young talent, with Bully Ray working behind the scenes as an agent and Devon wrestling them at both television and house show events.