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Hulk Hogan and Gawker reach a settlement for $31 million in cash



The Hulk Hogan - Gawker saga has come to an end.

Hogan sued Gawker after they released sex tapes that included himself and Bubba The Love Sponge's then-wife Heather Clem. The case went to trial, and the jury awarded Hogan $115 million in damages in March. Hogan was awarded an additional $25 million for punitive damages. Gawker owing Hogan $15 million, Gawker website owner Nick Denton owing $10 million, and Daulerio owing $100,000. Back in June, a judge issued a $140 million final judgment in favor of Hogan.

Hogan and Gawker reached a settlement over the sex tape lawsuit on Wednesday. Hogan will receive $31 million in cash as part of the settlement. Gawker founder Nick Denton announced the news in a recent blog obtained by CNN Money.

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Now, that the lawsuit is over, it will be interesting to see if Hogan and WWE end up doing business together again. Hogan's name had been removed from WWE programming last July after transcripts leaked by The National Enquirer alleged that Hogan had used racial slurs during the sex tape. Triple H has said publicly that the company has been open to bringing him back, but it boils down to figuring out when the time is right. There has been speculation that WWE will bring Hogan back for a role at WrestleMania 33 due to the event being held in Orlando, Florida, which is near where Hogan lives.