Several outlets reported on Tuesday that Bruce Prichard, TNA's Senior Vice President of Programming and Talent Relations, was asked to restructure his contract.  Yesterday, TNA released this official statement, saying that Prichard has been released from the company.

"TNA has parted ways with Senior Vice President of Programming and Talent Relations Bruce Prichard. TNA is headquartered in Nashville, and, as we move forward, our creative team and executive leadership will be here in Nashville with us," said President of TNA Dixie Carter. “Bruce's dedication and passion for TNA and IMPACT Wrestling will be missed, and we thank him for the incredible work he has done for us. We wish him all the very best."

It would appear that Prichard declined to restructure his contract, so TNA elected to part ways with him instead.

Two things stand out in this statement.  First, it's refreshing that TNA is actually addressing the various releases and personnel changes of note publicly, which is something they've never done much of before.  Second, they tried to spin Prichard's release as if he were reluctant to relocate to Nashville where TNA is headquartered rather than the current financial state of operations.

Source: ProWrestling.net