Nick Bollea (aka Nick Hogan) was involved a serious car accident Sunday afternoon in Clearwater, Florida.  Police report that Nick was driving a Toyota Supra that for some reason lost control and crashed into a median.  Both Bollea and a passenger had to be extricated from the damaged vehicle.  They were later airlifted to the hospital in ‘extremely serious’ conditions.  Although the accident is still being investigated, police say it’s obvious the Supra had been traveling at a high rate of speed.  Nick’s father, wrestler Hulk Hogan, was notified of the incident and arrived at the scene.

Nick, Hulk and the rest of the family can still be seen on their VH1 reality show Hogan Knows Best.

You can see the video of the crash scene via the link below:

NOTE:  Click here to read an update on Nick’s condition.