For about a year, there had been a rumor that wrestling legend Hulk Hogan had a sex tape with the wife of Bubba The Love Sponge.

Well, last week the website Gawker.com got a 30 minute copy of the tape from an anonymous source and made a 1 minute trailer.

Needless to say the Hulkster is on the defensive and is going on several talk shows to explain what happened.  Hogan said on "Good Morning America" that he didn't know he was being taped.  And it happened when he was at a low point in his life, dealing with the end of his previous marriage.

Hulk Hogan also said he was shocked yesterday when TMZ told him that Bubba the Love Sponge knew all along about the camera in the room.  According to TMZ, Bubba comes in at the end of the tape, after Hogan leaves the room.

Hogan now says that he plans on suing whoever released the tape.

The one thing that we learned from porn star Amy Fisher, is that a sex tape can not be sold unless both parties agree to sell it.  That's why the Tiger Woods sex tape didn't come out. But you have seen the sex tapes of Kim Kardashian, Kendra Wilkinson, Paris Hilton and Tommy and Pamela Lee. It's because they've agreed to it.

So is the Hulk lying that he's not happy with this sex tape, or is he doing for publicity because it's about to go on sale?

We'll have to wait and find out BROTHER!

You can see the trailer here: WARNING NOT SAFE FOR WORK!