Hulk Hogan reached a verbal agreement with WWE this past week, according to Dave Meltzer of the Wrestling Observer Newsletter.
The latest is that Hogan will not be wrestling at WrestleMania XXX and most likely would not pass a WWE physical. That said, he will have some sort of role at the WWE Hall of Fame and WrestleMania XXX. WWE has been talking about inducting the WrestleMania 1 main event (Hogan & Mr. T vs. Roddy Piper and Paul Orndorf) into the Hall of Fame, with all 4 men being on hand for the ceremony.
As reported earlier this week, “Rowdy” Roddy Piper has been pushing for a match at WrestleMania that would pit himself & CM Punk vs. Hulk Hogan & John Cena. Piper put Punk over during Old School RAW and tried convincing Punk to get on board for the idea, but it wont be happening, for a variety of reasons.
At one point there was talk of Hulk Hogan appearing at the ‘groundbreaking’ WWE Network announcement, but the company did not want Hogan’s return to distract from the Network announcement. The decision was made to hold off on his return, which will help pop a big TV rating as WWE is negotiating their TV rights fees.