UPDATE: As noted earlier, Brooke Hogan has been released from TNA Wrestling. There were rumors in both the WWE and TNA locker-rooms over the past several days, especially on Thursday and Friday, that she had been released but we weren't able to confirm it until today when TNA officials officially acknowledged it.
According to sources, the story making the rounds is that she was let go from the company on Tuesday or Wednesday of this week. TNA officials are saying it's due to "budget cuts" but others believe there is more to the story, especially with her father in the position he's in with the company. Of course, there is always a chance that she'll return down the line but as of now, she's been released.