Pro wrestling legend Hulk Hogan, alongside Eric Bischoff and Izzy Martinez, has announced the formation of a new promotion: Real American Freestyle Wrestling.

Eric Bischoff and Hulk Hogan unveil their plans. Earlier this week, WWE Hall of Famers Eric Bischoff and Hulk Hogan reunited in a black and white, NWO-style promo in which the latter asserted that they would “slice and dice” the wrestling industry like they did before.

There is a much-hyped “third man” joining Hogan and Bischoff: Israel “Izzy” Martinez, a legendary amateur-wrestling coach. Hogan and Bischoff began teasing this whole thing with a very WWE-style vignette (above) that doubled as a callback to their old WCW days.