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One of Hollywood's great rumors--perhaps the only one that doesn't end with the words "...is gay!"--was put to rest this week when director JOHN FRANKENHEIMER said he is not the biological father of Pearl Harbor director MICHAEL BAY. There is, however, something behind the tale. Bay was adopted in 1965, and Frankenheimer told the Los Angeles Times that he indeed had a one-night stand with Bay's birth mother in the early '60s. A few years later, when she threatened to name him as the father of her child, Frankenheimer paid the woman $7,500 to keep quiet. (Hollywood was a little different back then.) A few years ago, Frankenheimer consented to a paternity test that, he says, proved he is not Bay's father. Bay won't comment on the matter, saying only that he believes "your parents are the ones who raise you." Clearly his father is Jerry Bruckheimer.