The Hollywood Reporter (THR.com) is reporting that Hulk Hogan's new celebrity wrestling show has been picked up and will debut on cable channel CMT this fall.

"Hulk Hogan's Celebrity Championship Wrestling" will feature celebrities competing for the title of Celebrity All-Star Wrestling Champion.

According to Prowrestling.net, Trishelle Cannatella of MTV "Real World" fame has signed as the first celebrity contestant. Contestants who appear on the CMT show will be paid $40,000 for roughly one month of filming.

Hulk Hogan and producer Eric Bischoff will serve as two of the three judges.