TNA Lost the "Off The Wagon" Challege and in storyline is the reason he is leaving TNA, as noted in TNA’s release below that was posted on the TNA website. Petey’s contract is not being renewed. Although last night iMPACT is likely his last TNA appearance he is still under contract for several more weeks.
http://www.tnawrestling.com/index.php?option=com_content&task=view&id=1319&Itemid=84
TNA WRESTLING SAYS GOODBYE TO PETEY WILLIAMS
On Thursday’s "iMPACT!", the team of Eric Young and Petey Williams lost to TNA World Tag Team Champions Beer Money, Inc. in the ongoing "Off The Wagon" challenge.
Williams was pinned in the bout, and as a result of the match stipulations, he is no longer a member of the TNA Wrestling roster.
Williams first debuted in TNA Wrestling in February 2004 as part of the "Team Canada" faction. Williams claimed two X Division Championship reigns during his TNA career and also earned multiple "Finisher Of The Year" honors for his devastating "Canadian Piledriver".
TNA Wrestling wishes Petey all the best, as he was respected both in and out of the ring by his peers.
According to sources, Beer Money, Inc. plan to continue the "Off The Wagon" challenge in the coming weeks.
