Hulk Hogan reportedly recorded delivering racist rant

Following a joint investigation, Radar Online and The National Enquirer report that wrestling legend Hulk Hogan has been recorded delivering a racist rant about his daughter Brooke's sexual partners.

"I mean, I'd rather if she was going to f--k some n--ger, I'd rather have her marry an 8-foot-tall n--ger worth a hundred million dollars! Like a basketball player!" Hogan reportedly says in the tape while in the midst of an extended rant about his daughter. "I guess we're all a little racist. F--king n--ger."

The tape reportedly came to light in connection with Hogan's ongoing lawsuit against Gawker Media, which published a sex tape featuring Hogan and Heather Clem. The transcript of the conversation was sealed by a Florida court in an effort to keep Hogan's comments from going public.

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Hogan has yet to issue a comment, but World Wrestling Entertainment may be cutting ties. The Daily Beast reports that Hogan has already been scrubbed from the WWE's Hall of Fame page, and that all Hogan-related merchandise has been pulled from the online store.

Update 11:00 a.m: The WWE has terminated Hulk Hogan's contract. "WWE is committed to embracing and celebrating individuals from all backgrounds as demonstrated by the diversity of our employees, performers, and fans worldwide," the company said in a statement.