Wrestling great Hulk Hogan has had his contract terminated by World Wrestling Entertainment in the midst of a brewing scandal.

Currently involved in a sex tape lawsuit, Hulk Hogan - real name Terry Bollea - is reported to have used the n-word in an angry manner while discussing his daughter Brooke's past relationship with a Black man. Apparently the WWE obtained a transcript with his comments and fired him immediately after his statements were proven factual. They have since removed him from the WWE Hall of Fame page along with any merchandise in relation to Mr. Hogan in the WWE Shop.

The organization has released this statement after confirming Hogan's contract was indeed terminated:

"WWE is committed to embracing and celebrating individuals from all backgrounds as demonstrated by the diversity of our employees, performers and fans worldwide."

Hulk Hogan's attorney claims the legend was never fired and chose to resign late Thursday night. See what Hogan himself had to say about being removed from the organization in the gallery.

Source: Time|TMZ