Linda Hogan, Hulk Hogan

Nancy Kaszerman/ZUMA Press

As far as Linda Hogan is concerned, if her hubby's unwilling to spend his millions on this Las Vegas condominium, he can save his pennies for the jail canteen.

Hulk Hogan's soon-to-be ex-wife was back in court today to press her argument that the former wrestling star should be held in contempt of court for failing to close the deal on a $4.3 million condo they had been planning to buy.

Make him comply, Hogan (who's legal last name is Bollea) said, or else lock him up.

"We asked the judge to either force him to close and if he won't, to put him in jail," Linda's lawyer, A.J. Barranco, exclusively told E! News Tuesday.

The former Hogan Knows Best matriarch first filed her grievance in Pinellas County Family Court in early June.

But one of her estranged husband's attorneys, David Houston, agrees with his client (whose real name is Terry Bollea) that now isn't the best time to be rushing into a big-ticket purchase.

"The court has been asked today whether the purchase of this luxury condominium is appropriate, wise or responsible—and our position is it is neither of the three," Houston told E! News.

"First, we have discovered that, through an independent appraisal, that the apartment is actually valued at $1 million less than its sale price. Secondly, we feel that, based upon the current reality of this family and the litigation surrounding the Graziano claim, that it is offensive and irresponsible to suggest that Terry Bollea should be compelled to purchase a $4.3 million pleasure palace so his wife has a place to go and party when she is in Las Vegas two or three times a year.

"Obviously, there are a number of issues to consider before you throw away $4.3 million," Houston added.

The Hogans are being sued by the family of John Graziano, the 23-year-old Iraq war vet who was left permanently disabled in a car crash that occurred when he was a passenger in their son's vehicle.

Nick Bollea is currently serving eight months in a Florida jail for reckless driving resulting in bodily injury.

Meanwhile, Barranco says that Hulk Hogan's arguments aren't a legal excuse for his failure to close the deal. Independent appraisal is not legitimate in this case, the lawyer said.

"That is a poor excuse under Florida law, and it is not an acceptable one," Barranco said. "That is not a valid reason for letting someone out of a stipulation and a court order."

Both Hogans signed a contract three years ago and agreed in April to finalize their purchase of the Sin City property. On the agreed-upon closing date, Hulk "vanished from the face of the earth," Barranco said.

"He was not to be found. His lawyer did not know where he was. His buddies did not know where he was. Nobody. He surfaced three weeks later."

Pinellas County Judge George Greer has asked both sides to produce case law to substantiate their respective positions. They have until 5 p.m. on Wednesday to comply.

Hulk’s legal team is currently preparing a brief to submit to the judge with the requested case law, Houston told E! News, adding that his client has no intention of disobeying a court order.

If, after reviewing their motion, the judge orders him to buy the condominium, then Hulk will comply.

"His primary concern is preserving the finances of this family so that they can better deal with pending important problems," Houston said. "Linda Bollea is insisting that her husband spend this $4.3 million on this condominium which, quite frankly, I find rather difficult to understand in context of what is occurring in this family...It is financially not prudent and, frankly, morally reprehensible and irresponsible."

"Greedy, delusional and greatly vindictive" was how Houston characterized Linda Hogan's motive for pressing for the sale.

Linda's attorney, meanwhile, is confident that his client will prevail.

"We gave the judge all of the Florida law which concerns this issue, and they presented not one Florida case on the issue,” Barranco said today. "The judge gave them until tomorrow 5 p.m. to come up with any law to support their position, because they had none."

And Hulk has been less than sincere, Barranco added.

"He is a professional wrestler, a professional faker."

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