TNA has re-signed Bully Ray to a new contract, according to Mike Johnson of PWInsider.com. Terms of the deal have not been disclosed. Ray works as an in-ring talent and behind the scenes as an agent.

Powell's POV: Meanwhile, Ray's longtime business and tag team partner Devon stated on Twitter a while back that he is no longer with the company. The Ray signing is key for TNA. He's arguably the best heel in the pro wrestling industry, and my working theory is that Ray is behind the Aces & 8s faction and may even come out of Bound For Glory as the new TNA Champion. Again, that's just a theory and isn't based on anything I've been told.

This original source for this news item is Mike Johnson of PWInsider.com.

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