WWE issued the following statement on the Hulk Hogan situation:

“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 world wide.”

Hulk Hogan posted the following on Twitter early this morning:

WWE has removed Hulk Hogan as a judge on Tough Enough and is erasing almost all mentions of him from their website after learning of a interview were Hogan launched into a “racial tirade.” Hogan is no longer listed as a member of the WWE Hall of Fame, his Superstar bio and merchandise has been removed and all references to current WWE Superstar Curtis Axel’s “Axelmania” gimmick has been removed.

The National Enquirer has released portions of a transcript submitted to the Florida court overseeing Hogan’s $100 million defamation case against Gawker Media. Hogan made the comments to Heather Clem, the woman who was married to Bubba the Love Sponge, the woman who Hogan was secretly filmed having sex with in 2012. Hogan was reportedly mad at his daughter Brooke, who he accused of sleeping with a black guy.

Here is some of the released transcript:

“I guess we’re all a little racist, ” Hogan said on the tape.

“She is making some real bad decisions now,” Hogan said, sources tell Radar Online and The Enquirer. “My daughter Brooke jumped sides on me. I spent $ 2-3 million on her music career, I’ve done everything like a jackass for her.”

Hogan continued, “The one option Brooke had, Brooke’s career besides me, is to [to] sell beach records.”

Hogan also talked about how a “black billionaire guy” had offered to fund Brooke’s music career.

“I don’t know if Brooke was f*cking the black guys son,” Hulk said.

“I mean, I don’t have double standards. I mean, I am a racist, to a point, f*cking n***ers. But then when it comes to nice people and sh*t, and whatever.”

According to their sources, Hogan also said, “I mean, I’d rather if she was going to f*ck some n***er, I’d rather have her marry an 8-foot-tall n***er worth a hundred million dollars! Like a basketball player! I guess we’re all a little racist. F*cking n***er.”

They also report that the transcripts have been filed in a Florida court, under seal, in a bid to prevent them from being publicly released. However, Radar, and The Enquirer’s extensive investigation reportedly uncovered five independent sources who provided the contents of the tape.

Sources: Rolling Stone and WrestlingINC.com