Boxing legend George Foreman isn't jumping on the bandwagon against his "friend" Hulk Hogan -- and swears he's not a racist.
Foreman told TMZ Sports ... “I have known Hulk Hogan for well over 20 years. I do not condone the language he used, but he is no racist, he is a good guy."
And instead of distancing himself from Hogan -- on the heels of the n-word scandal -- the ex champ went out of his way to verbally embrace him.
Foreman added, "He is a friend of mine. We have hung out together and we have even been in the ring together. I consider him a friend.”