Bully Ray's status with TNA Impact Wrestling has been a hot topic of discussion lately. There were reports that came out a couple of weeks ago saying that Bully was actually finished with TNA as his contract had reportedly expired and the two sides weren't able to come to terms on a new deal. However, Bully is still considered to be on the roster at this point and he is expected to continue to make appearances until Bound For Glory, where he and his longtime tag team partner/"brother" Devon will be inducted into the TNA Hall of Fame.
Bully has reportedly been telling people close to him that he actually loves working for TNA and would hate to leave. He's also been saying that he is willing to keep on making appearances until Bound For Glory to help finish out the current storylines.
So as of right now, Bully is not gone from TNA and the two sides are still negotiating.