Hulk Hogan gone from WWE

UPDATED: WWE has confirmed the termination of Hulk Hogan's contract amidst reports of racist speech caught on tape.

At some point last night, WWE went about the process of disassociating itself with Hall of Famer and current Tough Enough judge Hulk Hogan. Word started making the rounds of as much and PW Torch took note that he's been removed from listings as a judge on Tough Enough, his profile has been scrubbed from the WWE.com site, and he's no longer even listed in the Hall of Fame section.

Dave Meltzer of the Wrestling Observer had this to say about what's happening:

WWE web site told a few hours ago to remove all references to him. That's all I know so far.

— Dave Meltzer (@davemeltzerWON) July 24, 2015

Hogan himself cryptically tweeted this last night before all of this started:

In the storm I release control,God and his Universe will sail me where he wants me to be,one love. HH

— Hulk Hogan (@HulkHogan) July 24, 2015

There's a rumor -- and it should be stressed that it's just a rumor for now -- that there will be audio released by a media outlet of Hogan making comments that are racist in nature.

More on this as it develops.

UPDATE: Hogan's merchandise has been removed from WWE Shop and the Observer is reporting that Curtis Axel has been told his AxelMania gimmick "will be dropped immediately."