Professional wrestler Hulk Hogan reportedly has some issues with WWE (World Wrestling Entertainment) owner Vince McMahon and his past usage of the N-word after losing his job this week.

According to reports, Hogan is upset by the fact Mr. McMahon publicly dropped the N-word in a 2005 WWE broadcast.

Hulk is outraged Vince is acting so self-righteous, condemning him for spontaneously using the epithet in private when the wrestling boss used it in a premeditated way, on TV and for profit. Several pro wrestlers like Virgil and George Foreman have to come to the Hulk’s defense, as well as his daughter. But a WWE rep says everyone recognizes the 2005 segment “was an outlandish and satirical skit involving fictional characters, similar to that of many scripted television shows and movies.” (TMZ)

Watch Vince McMahon drop the N-bomb on the next page…

The WWE issued a public statement to confirm its severed ties with Hogan yesterday (July 24).

“WWE terminated its contract with Terry Bollea (aka Hulk Hogan). WWE is committed to embracing and celebrating individuals from all backgrounds as demonstrated by the diversity of our employees, performers and fans worldwide.” (Statement)

Hogan appeared to address the matter on his Twitter page early Friday (July 24).

Hulk previously talked to G-Unit’s DJ Whoo Kid about being referenced with the N-word around rap stars like Game.

“And it’s still so cool, because the whole time I was down in Miami when I lived there, you know, everybody—I’d walk into the [DJ] booth and all of a sudden I’d bump into this guy and The Game’s in the booth, it’s all black and he’s got his BlackBerry, and I bump into him and he goes, ‘What’s up, n*gga?’ and I said, ‘Oh, excuse me, bro!’ And he says, ‘No, it’s all cool,’” said Hogan. (The Daily Beast)