TNA: Sting Set for New Contract?

As posted last week, Sting has been telling people backstage at the iMPACT! tapings that he plans on retiring at the end of this year.

Sting and TNA are currently negotiating for a one year extension on his contract. Many within TNA aren't sure if Sting will resign or not.

Dixie Carter is said to be very high on Sting and wants him to stay with TNA. If Sting signs the new deal, he would make $500,000 per year and only have to work TV and PPV dates.