Bodog Beat

After a serious car accident, Hulk Hogan's son, Nick Hogan, was released from the hospital. (AP Images)

Seventeen-year-old Nick Hogan (a.k.a. Nick Bolle) has been released from the hospital. Nick Hogan crashed his Toyota Supra around 7:30 PM last night. Hogan was allegedly speeding when he lost control and hit a raised median, causing the car to crash into a palm tree. Passenger John J. Graziano, 22, remains in critical condition at the Bayfront Medical Center.

According to police, Hogan was traveling at a very high rate of speed when it lost control and hit a raised median. The car was flipped around and the back end hit a palm tree. Nick and his passenger were flown by Medivac helicopter from the accident scene to a hospital in St. Petersburg.

"My son Nick and a friend were involved in a car accident last night. Nick suffered minor injuries and has been treated and released from the hospital.  At this time, his friend, John Graziano remains hospitalized," said Linda Hogan in a statement to the press.

The family said they're praying for a full and speedy recovery for Graziano.