According to The Wrestling Observer/Figure Four Online, sources close to Hulk Hogan are stating that he will be making a big announcement at his press conference today at Madison Square Graden in New York City that is scheduled to begin very soon.

Were told there were banners for both Spike TV and TNA Wrestling being put up secretly just minutes ago in MSG. While we have no official confirmation yet, sources close to Hogan are stating that he has signed a deal with TNA and that more will be coming out this announcement.

In addition, Hogan isn’t believe to be the only big named signed although his announcement may be the only one today. We will continue to follow this story as it develops.

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