I mentioned in Thursday's installment of Ask WNW that Sting is under contract with TNA Wrestling. We're told Sting remains in negotiations with TNA regarding another renewal for his deal.
According to sources within TNA, they realize Sting would command a lot of interest from WWE and he hasn't been asked to take the massive pay cut a lot of guys have been asked to take. Sting is being asked to take less than he's currently making, however, it's not considered to be a huge drop.
Another factor impacting negotiations is what happened with Hulk Hogan. TNA doesn't think they'll be able to re-sign Hogan and they don't want to lose him and Sting to WWE basically at the same time. Negotiations with Sting were put on the back burner while the company negotiated with Hogan but with his deal coming up, it's now coming into focus.
Sting is credited as to being a big reason they've been able to land some desirable television contracts overseas so TNA certainly doesn't want to lose him at this point.