Breaking News: Hulk Hogan Signs With TNA Wrestling

The details are still coming in, but I’ve received word that Hulk Hogan has signed a contract with TNA Wrestling and will announce the deal this afternoon at a press conference from Madison Square Garden in New York City.

A source who is at Madison Square Garden has informed us that TNA Wrestling president Dixie Carter as well as several top TNA executives are at MSG for the announcement. There are Spike TV & TNA Wrestling banners at the press conference – this is about to go down in a BIG way.

UPDATE: PWInsider.com is now reporting that Eric Bischoff will be joining Hulk Hogan in TNA as well.

More on this story as it develops … Keep checking back throughout the day.