Wrestling Observer Newsletter said:Mick Foley's contract with TNA is believed to be for six months. There are no plans for him to wrestle and he made it clear prior to signing that he wasn't physically capable of wrestling on a regular basis.
His on-air role still has not been decided by TNA, and its unclear what his plans are following Bound For Glory PPV.
Basically he's going to be the next Kevn Nash in TNA. Just getting paid money to not do anything.