PWInsider confirms that Bully Ray has signed a new contract with TNA. He re-signed 3-4 days ago and word is that it's for two years. Ray will continue to wrestle for TNA and work as a backstage agent.

This is the first time in years that Ray and Devon won't be working together in a promotion. They will continue to work together at their Team 3D Academy in Florida. There was talk at Thursday's Impact that TNA "didn't do right by Devon" because he got himself into better shape and did everything asked, including working with younger talents like Garett Bischoff. Some people in TNA were shocked that the company did not re-sign Devon because he was one of the most well liked.

Source: PWInsider