WWE confirmed in a statement (via Darren Rovell of ESPN) on Friday they have terminated the contract of Hulk Hogan. Below is the statement:
"WWE terminated its contract with Terry Bollea (aka Hulk Hogan). WWE is committed to embracing and celebrating individuals from all backgrounds as demonstrated by the diversity of our employees, performers and fans worldwide."
The statement is also available here on WWE.com.
You can view Rovell's tweet below: