Hulk Hogan Finally Settles Gawker Lawsuit For $31 Million

After what feels like an eternity, it’s finally over: Hulk Hogan and Gawker have settled their lawsuit to the tune of $31 million, according to official court documents.

Although the $31 million number may not be the final amount, Hogan is still expected to be paid well into the tens of millions of dollars. For those who are new to this whole insane incident, the lawsuit centered around Gawker posting a sex tape of Hogan and the wife of his friend, radio jockey Bubba the Love Sponge. A jury awarded Hogan a judgment of $140.1 million, which forced Gawker into bankruptcy. Not long after, the website shut down. So while Hogan may not get the full amount the jury awarded, he’s still going to be receiving a pretty huge check. The settlement also stipulates the immediate removal of the Hogan story and two other pieces posted to Gawker.

Hulk Hogan Finally Settles Gawker Lawsuit For $31 Million

Source: YouTube

In a statement to his blog, Gawker founder Nick Denton addressed the end of this “saga”:

After four years of litigation funded by a billionaire with a grudge going back even further, a settlement has been reached. The saga is over.

As the most unpalatable part of the deal, three true stories?—?about Hulk Hogan, the claim by Shiva Ayyadurai that he invented email and the feud between the founders of Tinder?—?are being removed from the web.

Yes, we were confident the appeals court would reduce or eliminate the runaway Florida judgment against Gawker, the writer of the Hogan story and myself personally. And we expected to prevail in those other two lawsuits by clients of Charles Harder, the lawyer backed by Peter Thiel.

But all-out legal war with Thiel would have cost too much, and hurt too many people, and there was no end in sight. The Valley billionaire, famously relentless, had committed publicly to support Hulk Hogan beyond the appeal and “until his final victory.” Gawker’s nemesis was not going away.

Of course, Hogan will still have to deal with the fallout from the revelations that came out as a result of the tape leak, such as the tapes of him using racist epithets and his subsequent firing from WWE, to say nothing of how the company tried to scrub him from history. But hey, Hogan will at least have monetary compensation for all his troubles. What that’s worth depends on the individual, but I would think if Hogan couldn’t have the world’s collective memory erased regarding this entire scandal, then having $31 million would be the next best thing.

But what do you think about all this? Sound off in the comments!

And for more WWE news, find out what former WWE star is STILL carrying a major grudge against CM Punk!

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