I didn’t order TNA’s Bound for Glory pay-per-view last night, but it sounds like it was a good show judging by the reports that I have read. Looking at the big picture, however, I think TNA is its own worst enemy.

I don’t understand why a company that has a roster filled with talented wrestlers in their 20s and 30s would put its world title on 48-year-old Sting, and plan a major push for another 48-year-old in Kevin Nash.

Don’t get me wrong. I respect Sting – who defeated Kurt Angle for the TNA title last night – and I still think he has a lot of value. He works hard in the ring and deserves to have a prominent role. But not as the world champion. For TNA to have any chance at competing with WWE, it needs to brand itself as the cutting edge, up-and-coming company. Sting as world champion will have the exact opposite effect.

The good news is that Sting probably won’t be champion for long. With Vince Russo on the creative team, it’s apparent that no one will hold the title for more than a few months at a time.

Even more perplexing than Sting’s win over Angle is the decision to have Nash get back in the ring for a high-profile program, which looks to be the case based on last night’s show. Sting, at least, has a good work ethic and can still go in the ring. Nash, on the other hand, is infamous for being lazy and manipulative, and his knees are in bad shape.

It’s not as if Sting and Nash have a track record for being huge draws, either. While they were big stars in their day, neither of them drew money when they were put in the top position.

Furthermore, by having Sting as world champion, Nash in a major storyline, the Steiners and Jeff Jarrett as featured performers, Russo on the creative team and Jeremy Borash and Mike Tenay as on-air talent, TNA looks a lot like WCW when the company was on its last legs. What’s next, a Nitro Girls reunion in TNA?

The other thing that bothered me about the pay-per-view pertains to Adam “Pacman” Jones. First, TNA promoted that Jones was going to wrestle on the show, knowing full well that his agreement with the Tennessee Titans restricts him from doing so. Unlike previous tag-team matches in which Jones was technically part of the match (although he was not allowed to make physical contact), last night he had a debuting wrestler substitute for him.

Then, in a truly distasteful act, TNA had Jones throw dollar bills in the ring as a distraction, and referee Earl Hebner picked them up “like a dancer in a strip club,” in the words of Tenay. This, of course, was playing off the incident in which Jones threw cash from a plastic trash bag on stage at a Las Vegas strip club to “make it rain” for dancers. A melee ensued and shots were fired, leaving Thomas Urbanski, a bouncer at the club and a former pro wrestler, paralyzed from the waist down.

It’s disgraceful for TNA to make light of such a serious incident, and Jones is beyond clueless if this is his idea of rehabilitating his image.