Speaking via satellite at a Television Critics Association panel at the Beverly Hilton, the fellow wrestler shared his opinion on the controversy surrounding the former WWE Hall-of-Famer.
"I was pretty disappointed with what I heard," Johnson said.
Despite being disappointed, the star of the HBO series Ballers went on to say that in all the time he's known Hogan, he hasn't known him to be a racist.
"I've known Terry for years," Johnson added. "My dad helped train him in Florida in the 1970s, and even my uncle. I didn't know him to be a racist. Not justifying what he said but we've all talked trash, especially in private, and he's paid the price."
Last week an audio transcript was released that features Hogan, also known as Terry Bollea, making racial slurs. After the audio was released Hogan, 61, apologized for his comments in an exclusive statement to PEOPLE.
"Eight years ago I used offensive language during a conversation," he said. "It was unacceptable for me to have used that offensive language; there is no excuse for it; and I apologize for having done it."
He continued in the statement saying, "This is not who I am. I believe very strongly that every person in the world is important and should not be treated differently based on race, gender, orientation, religious beliefs or otherwise. I am disappointed with myself that I used language that is offensive and inconsistent with my own beliefs."
While Hogan and his family have made public statements, that stopped the backlash. Last Friday, he was removed from the WWE Hall-of-Fame and his lawyer, David Houston, confirmed to PEOPLE that he officially resigned from the organization.
Hogan has remained active on social media in the midst of the controversy.
"Thank you to all my friends, family and business partners for all your love and support, you guys know who I really am and I love u 4 that. HH," Hogan tweeted Saturday.