Hogan is currently a major onscreen character for TNA and is involved in a feud with Sting that some have speculated will lead to a bout at the company's flagship Bound For Glory event in October.
The Hulkster told The LAW radio show: "It's a calculated risk, it's not like 'oh my God he's an idiot with all the back surgeries he's going to wrestle and if he gets knocked down he's in a wheelchair' — it's not that story.
"If I do get in the ring it's a calculated risk, these guys are professionals and instead of being body slammed someone can hit me in the throat, rake me in the eye, I can crumble down to the ring or take a bump on the back of my neck and shoulders and not hurt my lower back.
"There are a lot of ways to do it and if you think of the risk versus reward, it does matter.
"It's a pretty foolish thing to think about wrestling after eight back surgeries but then there's also the love of the business and how I love being around the guys, the fans and you guys so I'm torn between what really makes sense and what I feel.
"It probably has a lot to do with ego, which I try not to get involved with, I like to take ego when it comes up and put it on the wall and go back to what makes sense so it doesn't make a lot of sense when you ask the question but it's a consideration at this point."
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