Hulk Hogan is down for a three count. And then some. The WWE killed its contract with the wrestling icon on Friday, a rep for the organization told FOX411.
"WWE terminated its contract with Terry Bollea (aka Hulk Hogan). WWE is committed to embracing and celebrating individuals from all backgrounds as demonstrated by the diversity of our employees, performers and fans worldwide."
The WWE would not comment as to the reason it booted Hogan, but TMZ reports the wrestler was fired for using the N-word to describe a man involved with his daughter, Brooke, in a leaked transcript of a sex tape that is the center of a multimillion dollar lawsuit with the gossip site Gawker.
Following the WWE's announcement, Hogan apologized for the remarks he made. His lawyer said Hogan resigned from the organization "because he didn't want to put them or his family through this."