Hulk Hogan and Eric Bischoff did their own "State of TNA" address earlier today on the Bubba "The Love Sponge" to address rumors and the future of TNA Wrestling.

When asked about the Honky Tonk Man signing with TNA, Eric Bischoff said that Honky is a "piece of crap" and he would "rather drive a rusty ice pick through his thigh" than work with the former Intercontinental champion again. Ouch! That's gotta hurt.

Hogan added that they tried to work with HTM fifteen years ago but his wife was always interfering. Bischoff delivered the final nail in the coffin saying that Honky Tonk Man "can't draw flies if you rolled him in horse sh!t." Dang!