Big Update on Eric Bischoff's Status and Future w/ TNA Impact Wrestling

Dave Meltzer of F4WOnline.com/The Wrestling observer newsletter is reporting that Eric Bischoff was actually sent home by TNA and will get paid until his contract expires in early 2014. According to Meltzer, Bischoff no longer has any authority and is considered to be done with the company. Meltzer also released the following statement:

"He wasn't at the PPV, [he] wasn't at the last TV, [he] won't be around," Meltzer said. "A lot of people are really happy on that one, Eric was not very well liked there. Eric got exposed... Eric was very lucky that he had some very smart people propping him up in the WCW days and those people aren't there now, and he got exposed on this run real bad."