Former pro wrestler Hulk Hogan won a whopping $115 million in his legal case against Gawker Media. However, as we know by now, that doesn’t mean Hogan is collecting $115 milly.
Hogan, who sued the media company for $100 million back in 2012 – accusing the website of invasion of privacy and other offences for posting 101 seconds of a sex tape featuring the wrestling icon and his ex Heather Clem – was awarded $55 million for economic injuries and $60 million for emotional distress, according to CNN.
READ: Hulk Hogan wins $115m in sex-tape suit
But attorney Troy Slaten, who is not connected with this case in any way, told E! News that after all is said and done, Hogan will probably get less than half of the judgment.
Here’s how it all breaks down…
‘Okay he got $115 million dollars and that stood. The attorneys get 40 percent off the top and then he also has to pay out the cost of the litigation, which means not the attorneys’ hourly fees, but all the cost of the investigators, experts, witnesses. So you can assume in a case this big that the cost of the attorneys is going to be $1 million, and their paralegals and research and transportation and all the cost that will go along with it,’ Slaten explains.
READ: WWE terminates Hulk Hogan’s contract
So with all that said, it’s been reported that Hulk will be paying roughly $46 million in attorney fees, another $2 million in litigation fees, and assuming the remainder $67 million is taxable (which means half is getting cut), Hogan is left with $30-40 million. And yes, that is still a chunk of change, but definitely not $115 million.
