Wake Forest baseball coach Tom Walter is owning up to hurling a homophobic slur during Monday's game against Tennessee ... saying his words do not reflect his character.
Walter was caught on camera seemingly referring to someone as a "f***ing f****t" as he stood in the dugout ... right before a Volunteers player hit a two-run homer.
There's speculation Walter issued the words toward the home plate umpire he had an exchange with earlier in the outing.
Walter released a statement on the matter Tuesday morning .