Hulk Hogan wins round one! Hulk Hogan won’t be going to jail over a failed payout on a Las Vegas condo. The condo for him and ex wife Linda Hogan was to be bought last May, claimed Linda.

“It should be obvious to everyone by now that Terry Bollea [Hulk Hogan] was never going to be held in contempt for challenging an irresponsible transaction,” the Hulk’s lawyer said yesterday. “Those who bought into the spin from Linda Bollea’s attorneys that this was even a remote possibility should think twice the next time they try to work them.”

Linda had wanted the Hulk to buy the condo and close escrow last May 30. He refused. The court found, in a THREE-PAGE RULING, that the condo did not have May 30’s deadline like Linda claimed.