Source: Pwinsider.com

Velvet Sky has either finished or will be finishing up with TNA Wrestling shortly, according to numerous sources within the organization. One source noted Monday night that she is "as gone as can be without having pen to paper."

Her status with the organization has been tenuous for several weeks, although she's been in negotiations for a new contract. However, many believe she is on her way out of the company.

Sky last appeared for TNA at a BaseBrawl event in Memphis, Tennessee on July 14, which may end up being her final TNA appearance. 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 is one of the most popular females in TNA and has been with the company since the advent of the Knockouts division in October 2007. A former Knockouts and Knockouts Tag Team Champion, she was recent cast in a Montgomery Gentry music video through the company.

Her former "Beautiful People" mate, Angelina Love, also recently left the promotion.

Speaking of Angelina Love, she will appear for Neo Wrestling Federation in Niagara Falls, Canada on Saturday, July 28th. The event will be held at Fight Club Canada, 4536 Portage Rd, Niagara Falls, Ontario and tickets cost $10and $20.

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.