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In Hulk Hogans book
He claims he was asked to be part of UFC 1 but he demanded they let his training partner in the tourney. On the night before UFC 1 hulk hogan and his training partner Brutus Beefcake were down in the hotel lobby playing video games when Royce came up to then and tried to hustle them by doing some street magic. Brutus and Hulk nearly beat Royce up but the UFC owner came down and demanded they all separate. Hulk was furious, he was a champion of a number of underground pride fights in the 70s, he deserved respect. He called up the matchmaker and said "I'm fighting Royce in round 1." The matchmaker said we want to save you two for the finals, biggest draw. Hogan said, "that's not gonna work for me, jack." Him and Beefcake left and never looked back. What could have been?
Note: He actually said all of that in his book.
Hogan making record book sales now because of this thread on Sherdog