WWE Hall of Famer Hulk Hogan was fired by the WWE after a racist video was leaked online.

According to Radar Online in conjunction with the National Enquirer, the legend was recorded on tape making racist remarks that included the N-word. The rant was caught on an unauthorized sex tape at the center of a lawsuit.

In the video, Hogan (real name Terry Bollea) expressed his hatred and disgust toward his daughter Brooke, who he accused of sleeping with a black man. He went on to vent his frustrations with Brooke: "She is making some real bad decisions now. My daughter Brooke jumped sides on me. I spent [$2 million] to $3 million on her music career. I've done everything like a jackass for her."

On the tape, Hogan also tells Heather Clem, the ex-wife of former pal Bubba "The Love Sponge" Clem, he is a racist: "I guess we are all a little bit racist.

"I mean, I'd rather if she was going to f*ck some (racial slur), I'd rather have her marry an 8-foot-tall (racial slur) worth a hundred million dollars! Like a basketball player!"

Hogan continues his racist rant by bashing wrestling icon The Rock and other black wrestlers.

In light of this, WWE fired Hogan and removed all of his merchandise from the company's online store. Hogan was currently a judge on WWE's reality TV show "Tough Enough," but as of today, he is no longer a part of the show. WWE issued a statement on Hogan's termination in a form of a tweet:

In October 2012, Gawker Media released clips of the sex tape online. Hogan's lawyers sent a cease and desist letter ordering them to take down the video, and eventually a judge forced them to do so. Hogan is suing Gawker Media $100 million for invasion of privacy. The suit is still pending with a hearing scheduled for October.