Hulk Hogan apologizes for racist rant: 'This is not who I am'

Wrestling legend Hulk Hogan has confirmed reports that he was recorded delivering a racist rant — and issued a statement apologizing for his comments.

"Eight years ago I used offensive language during a conversation. It was unacceptable for me to have used that offensive language; there is no excuse for it; and I apologize for having done it," the statement said.

"This is not who I am. I believe very strongly that every person in the world is important and should not be treated differently based on race, gender, orientation, religious beliefs or otherwise," the statement continued. "I am disappointed with myself that I used language that is offensive and inconsistent with my own beliefs."

On Friday, World Wrestling Entertainment announced that Hogan's contract had been terminated. "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.