TMZ.com is reporting that Hogan has settled his his lawsuit against former best friend Bubba the Love Sponge but intents to still follow through on lawsuits against Bubba's ex-wife and Gawker Media for a hot $100 million.

Bubba released a brief statement, which shows a total change in tone to his recent blasting of Hogan on his radio show of late, it reads:

"It is my belief that Hulk is not involved, and has not ever been involved, in trying to release the video, or exploit it, or otherwise gain from the video's release in any way."

He also says he's committed to helping Hogan find those responsible for leaking the tape. Of course.

Gawker have yet to remove the video from their website.