Hulk Hogan Finally Receiving Gawker Settlement

A Manhattan federal judge has signed off on a bankruptcy plan for Gawker that includes a $31 million payout to Hulk Hogan. The WWE Hall of Famer is expected to receive the money before the end of 2016.

Gawker was forced into bankruptcy when Hogan tried to collect on a $140 million jury award back in June after Gawker posted video of Hogan having sex with Bubba the Love Sponge’s wife. That award included $60 million for emotional distress, $55 million for economic damages and $25 million in punitive damages.

Gawker attorney Gregg Galardi called the $31 million settlement for Hogan very favorable because it’s just a fraction of the $140 million he was awarded.

For more information, check out the original report at the New York Post.

Latest Wrestling News

Vince McMahon

Bruce Prichard Explains How He Earned Vince McMahon’s Trust

Bruce Prichard once served as the right-hand man to Vince McMahon for almost 25 years during his run in the WWF. That all ended...
Bobby Roode

Bobby Roode Talks Beginning to Hate His Job at The End of His Impact...

Former Impact Wrestling star and current NXT Champion Bobby Roode was recently a guest on former WWE Tag Team Champions Edge and Christian's podcast,...

Cesaro Congratulates Cody Rhodes, NXT Ref Gets Standing Ovation, John Cena Workout Video

Kennadi Brink receives standing ovation from NXT crowd Female referee Kennadi Brink received a standing ovation as she came down to the ring to start...

GLOW Premieres On Netflix To Rave Reviews, Several Wrestlers Featured

GLOW is a new show on Netflix that focuses on a wrestling promotion/series in the 1980s entitled Gorgeous Ladies of Wrestling. The creators of the...
Mauro Ranallo

Backstage News On Mauro Ranallo’s Return To WWE, Video Of His NXT Debut Last...

Mauro Ranallo made his WWE return last night and joined Nigel McGuinness and Percy Watson on the NXT announce team. On the latest episode...

Cody Rhodes Wins the Ring of Honor World Championship

Cody Rhodes captured the ROH World Championship from Christopher Daniels at last night's Best in the World Pay Per View. This marks the first World...

Eric Bischoff Explains Why Conor McGregor Has a Shot Against Floyd Mayweather

Former WCW President Eric Bischoff took to his podcast, Bischoff On Wrestling, to comment on the upcoming boxing mega-fight between all-time great Floyd Mayweather Jr....

X-Pac Comments on Female MITB Ladder Match Finish

Former WWE European Champion and D-Generation X member Sean "X-Pac" Waltman hosted another episode of his podcast, X-Pac 12360, and interviewed mixed martial arts (MMA)...

Ryback on Plans to Feud With Triple H That Never Happened

Former WWE Superstar Ryback recently took to his podcast, Conversation With The Big Guy, to talk about his time with the company and revealed...

Quote: Re-doing Women’s MITB Ladder Match is a ‘Bad Move’

There was a ton of controversy surrounding the finish to the first ever female Money In The Bank (MITB) Ladder Match last week, as James...