The angle was put together as a way to cross promote TNA's 12/30 One Night Only: Old School PPV taping in the same venue. The idea here is that TNA will promote Dreamer's HOH and help raise it's profile by acknowledging it (and giving HOH the aura of being somewhere where "anything can happen") while TNA gets the chance to promote their PPV locally with an outside the box idea.
Dreamer will be working the taping against Bully Ray in a Falls Count Anywhere Street Fight. He has not signed a TNA deal.
I was told the angle is just an example of TNA trying to attempt more unique and creative ways to promote their live events heading into 2014.
The PPV will be promoted as being the first ever TNA PPV in New York State. Tickets for the taping will go on sale this Friday 11/15 at 10 AM.