The Wrestling Observer reported earlier today that Ric Flair has signed a 65 date deal with TNA which will see him work those dates over the course of a year.
I spoke to a source today who has provided me with more details concerning Flair's current TNA deal. Apparently, Flair had been holding out on signing a deal with TNA as he was unsure about the contract he was receiving and wanted a deal directly with Panda Energy. However, in an effort to get Flair on Impact this past Monday night, TNA offered him a much higher amount of money than he had expected, which made the deal something Flair could not refuse.
Additionally, it's being said that TNA is very high on Flair at the moment because they see him as someone who could potentially boost the company's popularity in various international markets. TNA wants to use him as an ambassador of sorts, and as someone who can represent the company internationally to ultimately help make it appear more major league.
Some feel, however, that Flair's heart is not really in TNA, and that he is simply taking the big pay day without much interest in where the company actually goes.
It should also be noted that in addition to using Flair as an "ambassador," TNA still plans to use him as an on-air character and as a sporadic wrestler.