The protagonist had these huge ears, his outfit was blue and he had red shoes I believe. He was a animal with black and white fur if I'm correct.
There also were these two cats, one white one black and sometimes you had to ride a board on the game and you held this ring or hoop in your hand that could pick up some of the enemies.
2 time Face of The WWE Champion
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Oh... the PS1 game, i was thinking about Jak 2 but the two cats part got me good...
I'm kind of surprised I went off that description. Think I've only played a demo and that's it and really just vaguely remember the character's appearance, which doesn't include the colors oddly enough which the OP detailed.. Apparently the franchise still has games coming out too.