Source: Wrestling Observer Newsletter
The Wrestling Observer Newsletter is reporting that TNA decided to fire MVP after the entire Hernandez-Lucha Underground situation went south. MVP had pushed for the company to bring Hernandez into the company to be a part of his BDC stable, which was later unceremoniously disbanded.
MVP was apparently thinking about leaving the company, but TNA decided to fire him anyway. MVP ended up taking the heat for the Hernandez situation.