At the current moment I think Monty Brown should stay out of the professional wrestling business until he figures out the problem he has with his family. After that then yes TNA should sign him. But does that mean they will?
In all honesty that's probably what Monty will want first anyways. He probably won't want to dive right into the business while he's still tending to his family issues. Once those clear up, who knows, maybe he'll get a another go with the E or more possibly he'll be back on the indies, and soon back on TNA.