TNA has posted a statement on their website announcing Hardy has been let go.
"TNA today released Impact Wrestling star Matt Hardy from its roster. Hardy was already under suspension from the company."

TMZ.com is reporting that TNA star Matt Hardy was arrested by a North Carolina State Highway Patrol trooper after having run his car off the road, striking a tree.

Hardy, who was alone at the time, was not injured. The Trooper arrested Hardy after "observing signs of impairment". TMZ.com is reporting a blood test is pending and there was no contraband found in Hardy's car.