Linda Bollea to get $40,000 a month in alimony

The faucet is open in the Hulk Hogan divorce case.

Judge George W. Greer allowed Hulk Hogan to get out of an earlier court order to purchase a Las Vegas condominium.

That decision, announced just before 3 p.m., saved Bollea about $3.4-million.

Moments earlier, the two sides in the divorce announced an agreement on how to temporarily split their assets while the divorce goes forward.

The agreement allowed:

• Linda Bollea to receive $40,000 a month in temporary alimony for the next year

• Terry Bollea to take $500,000 out of the couple's assets.

• Terry Bollea to withdraw up to $400,000 to pay legal fees for his son's criminal case.

In the meantime, Linda Bollea gets the use of the house on Willadel Drive and Terry Bollea gets to use the couple's house on Eldorado Avenue.

The agreement also split up temporary use of a part of the family's fleet of vehicles.

Linda Bollea gets to drive the Cadillac, her Mercedes and the Corvette, which is currently in storage.
Terry Bollea gets the use of the Dodge, his Mercedes, and one car to be taken from storage excluding the Rolls Royce.

The parties also agreed that any joint mail they received will be copied by the person who receives it and sent to the other spouse.

"Does that include junk mail," Judge Greer asked.

Linda Bollea's attorney said yes.

--Jonathan Abel, Times staff writer

CLEARWATER -- In the second day of divorce proceedings, a forensic accountant for Linda Bollea started ticking off the money that Terry Bollea, also known as Hulk Hogan, has in his accounts.

The accountant started with the SunTrust accounts:

• $40,000 in one.
• $132,000 in another.
• $1,280,000 in a third.

While these accounts hold the Hulkster's money, Terry Bollea doesn't control them. Instead they're in the hands of his close friend and business partner, Eric Bischoff.

The accountant, John L. Pitcher Jr., then started to go through Bollea's accounts at Morgan Stanley.
In one account there, he has $5,878,475 -- all of which is frozen right now because of the divorce.

He seemed poised to list more of the Bollea family's holdings but Terry Bollea's attorney, Ann Loughridge Kerr, objected to the testimony. She said she didn't want it to become public at this point.

Yesterday. she said the Bollea family was not worth as much as most people think.

More numbers are expected this afternoon.

Complete coverage: Hear Nick Bollea's jail calls, see video of John Graziano's care

Jonathan Abel, Times staff writer