NICK ENTERS "No Contest" PLEA

People.com reports:

Terry "Hulk" Hogan's 17-year-old son, Nick Bollea, entered a plea of "no contest" in a Florida courtroom Friday on charges of felony reckless driving.

The charges stem from the August 2007 car crash that left his friend, passenger John Graziano, critically injured to this day. As part of the plea agreement, Bollea's attorneys asked that their client not serve more than one year in county jail and five years of probation.

Without the plea arrangement, Bollea could have faced up to five years in state prison. The sentencing portion of the hearing began immediately following Nick's plea, which streamed live on TMZ.com.

Hulk Hogan (real name: Terry Bollea), his daughter Brooke and his estranged wife Linda were all present and seated near one other in the Clearwater, Fla., courtroom.