TampaBays10.com is reporting that two young men, one being Hulk Hogan's son Nick Bollea (or Nick Hogan), were injured tonight when their vehicle careened out of control and hit a palm tree in Clearwater, FL on Sunday. One of the young men has been listed as critical and the other as serious. There is no word on what Nick Hogan's status is at this point. Preliminary investigation indicates the car was traveling at a very high rate of speed. We will continue to follow this story as it develops.

The following is from CNN.com: (CNN) -- The teenage son of wrestling star Hulk Hogan and a companion were seriously injured in a high-speed car accident in his hometown of Clearwater, Fla., Sunday evening, a police spokesman said. Nick Bollea was the driver of a Toyota Supra that went out of control and slammed into a palm tree while headed out of downtown Clearwater at a "high rate of speed" about 7:30 p.m. Sunday, Clearwater police spokesman Wayne Shelor said. "It destroyed the car," he said. Hogan, one of the top professional wrestlers of the 1980s and 1990s, is now featured in the VH1 reality show "Hogan Knows Best." His son, wife and daughter regularly appear on the show. A helicopter took Bollea and his passenger, whose identity was not immediately released, to a hospital in nearby St. Petersburg after paramedics removed them from the wreckage, Shelor said. "They're both down there. Nick's father (Hulk Hogan_ is down there," he said. (Posted 9:35 p.m.)

The injuries are said to be 'very very serious'.