Courtesy of LordsofPain.net:
Impact President Billy Corgan unveiled the brand new TNA Grand Championship last night at TNA’s television tapings. According to Corgan, a tournament will be held to crown the inaugural champion. The title will be defended in matches featuring rounds, wherein judges will decide the winner if the contest exceeds a set time limit.
TNA has also reported retired the King of the Mountain Championship, won by Bobby Lashley on last week’s Impact.