Hulk Hogan drops sex tape lawsuit when BFF apologizes

Hulk Hogan has dropped his lawsuit against his former bestie Bubba the Love Sponge after receiving an on-air apology — but Gawker Media is still on the hook for $100 million worth of accusations.

Hulk Hogan

It was the sex tape no one wanted to see: Hulk Hogan gettin’ it on with his best friend’s wife. Hogan says he didn’t want to rest of the world seeing it either, so when his BFF Bubba the Love Sponge implied that the former wrestler sold the tape himself, he lawyered up.

“You know I have surveillance. You knew of everything going on,” Bubba said through the media to Hogan. “But now that your feelings are hurt … you’re trying to cover your a** with your wife and your jobs and your social standing.”

Turns out being slapped with a $100 million lawsuit makes people rethink things. Bubba issued a lengthy apology to Hogan — real name Terry Bollea — on his radio show yesterday, although it was sped up really fast like the legal jargon at the end of a car dealership commercial.

“After further investigation, I am now convinced that Hulk Hogan was unaware of the presence of a recording device in my bedroom. I am convinced he had no knowledge that he was being taped. Additionally, I am certain that he had no role in the release of the video. It is my belief that Terry is not involved, and has never been involved, in trying to release the video, or exploit it, or otherwise gain from the video’s release in any way,” he said.

Hulk Hogan’s sex tape has ‘rattled’ his wife: Sources >>

“Regrettably, when Hulk filed the lawsuit against me, I instinctively went on the offensive. The things I said about him and his children were not true. I was wrong and I’m deeply sorry for my reaction, and for the additional pain that it caused Hulk and his children on top of the pain that they were already feeling from having learned that Terry was taped without his knowledge, and the public release of the video.”

“I am committed to helping Hulk and his attorneys find whoever is responsible for the release of the tape and holding them accountable to the fullest extent of the law.”

Hogan is still pursuing his $100 million suit against Gawker Media for publishing the video on their website.

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