Post by The Ultimate Nullifier on Apr 12, 2015 20:53:03 GMT -6
TNA wrestlers are reportedly dealing with pay issues. Some of the wrestlers have reached out to PWInsider recently and one claims the company is behind two pay periods while others claim they are still owed money from February. Due to TNA not having live events booked for the talents, the pay issues have become a source of aggravation as the talents work to make up their income on the indies.
Another source at TNA's offices in Nashville backed up the pay reports to PWInsider. Issues with payment have been a growing source of frustration at the TNA offices for a few weeks now as well. One source there denied that the company is behind two pay periods but did admit they are behind on cutting checks to wrestlers. Apparently it's something officials have been trying to get under control this past week.
TNA no longer cuts checks in Nashville as they are now outsourced to a company in Dallas, where TNA parent company Panda Energy is located. To add to that, Panda recently moved their offices and while that was going on, the department handling TNA checks completely shut down. This led to a backlog on checks being issued to TNA.
Another issue is that TNA taped so many One Night Only pay-per-view events with outside talents in Orlando during their last set of tapings. This left them faced with a lot of payroll expenses while the company was not generating revenue from the tapings as those ONO events won't air for several months. This led to checks for those talents being on a backlog also.
TNA WRESTLERS FRUSTRATED WITH PAY ISSUES, THE COMPLETE STORY
While the TNA TV product has been strong since it's move to Destination America, the company is still dealing with internal issues, PWInsider.com has confirmed.
TNA is well behind on pay to their wrestlers, according to many talents who reached out to PWInsider.com under the agreement of anonymity over the past several weeks. One wrestler claimed the company is behind two pay periods while others have claimed they are still owed money dating back to February. With no TNA dates scheduled until the live Impact broadcast on 5/8, it has been a growing source of aggravation for TNA wrestlers as they are working the indy scene to supplement their TNA income,
In asking sources within the TNA office in Nashville, I am told that the pay issues are legitimate and have been a source of great frustration within Nashville over the last several weeks as well. While one source I spoke to denied talents were behind two pay periods, they did concede they have been behind on checks being cut to talents and that it was something TNA was trying to get a handle on over the last week.
One of the factors involved is that TNA's checks are not cut in Nashville by the company but are outsourced to Dallas, Texas where TNA's parent company Panda Energy is headquartered. This alone adds another step to the process.
Complicating that of late is that Panda recently moved their offices and while that move was ongoing, the department that handled issuing checks for TNA personnel and talents was completely closed. As you might imagine, that lead to a backlog on checks being issued the last several weeks.
I was also told that since TNA taped so many One Night Only PPVs during their last series of events in Orlando, FL at Universal Studios, that also led to a lot of payroll expenses while the company wasn't generating revenue from those PPV tapings as they were free and the PPVs won't air for several months. This additionally led to a backlog as checks were not cut for the talents working those shows yet.
As I noted, it's something those working out of the TNA Nashville office have been very frustrated with and they have been working to rectify the situation. They, however, are likely nowhere near as aggravated by the situation as TNA wrestlers have been.