Hulk Hogan was released by the WWE on Friday after a tape surfaced of him saying a bunch of racist stuff and using the N-word several times. Hogan wasn't an active wrestler, but he made several appearances for the WWE, both on camera and off and he was one of the judges on their reality show Tough Enough.

The source of this chaos is the Hulk Hogan sex tape that was released three years ago. Hulk's radio pal, Bubba the Love Sponge, basically "gifted" his wife Heather Clem to Hulk for a few minutes of pleasure. But he recorded them getting it on, supposedly without Hulk's knowledge. And parts of the video ended up on the website Gawker, which Hogan is now suing for $100 million.

Well, the National Enquirer recently got a hold of transcripts from a part of the video where Hulk is complaining to Heather about his daughter Brooke dating the son of a "black billionaire" who offered to fund her music career. He said, "I don't know if Brooke was [effing] the black guy's son. I mean, I don't have double standards. I mean, I am a racist, to a point, [effing N-words]. But then when it comes to nice people and [stuff], and whatever."

He added, "I mean, I'd rather if she was going to [eff] some [N-word], I'd rather have her marry an 8-foot-tall [N-word] worth a hundred million dollars! Like a basketball player! I guess we're all a little racist. [Effing N-word]."

The WWE immediately started scrubbing mentions of Hogan from its website, and issued a statement saying, "WWE is committed to embracing and celebrating individuals from all backgrounds as demonstrated by the diversity of our employees, performers and fans worldwide."

Hogan also issued a statement, apologizing and calling what he did unacceptable. But he added, "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."