Yes, this is really a wrestler. This is Bret The Hit Man Hart, which is Simbo Klice's wrestler.
Hart was also part of one of the best tag teams in WWF history, the Hart Foundation, in which he teamed with Jim "The Anvel" Niedhart, who was available for this game but was not chosen.
Yeah, those are pink pants, and are those butterflies? Sure, you go ahead and tell him how pansy that looks.
Fun fact: Hart started wearing his trademark mirrored sunglasses to hide his eyes when he got to big time wrestling because he got super nervous doing promos.