Dana White made the announcement today (via MMAWeekly.com) that Diaz is, for now, a UFC fighter and as such, will no longer be the champion of the San Jose based organization. He will be able to make a trip back at a later date ... if he would like to, of course.
What does this mean for the Strikeforce welterweight title?
According to White, two as yet announced fighters will take to the hexagon to fight over it later this year. Got any top contenders in mind?
This is surely no setback for Diaz, as he obviously has plans on winning UFC gold this Halloween weekend.
St. Pierre is fresh on the heels of one of his least inspired performances since regaining the welterweight title from Matt Serra back at UFC 83 in April 2008. "Rush" went toe-to-toe with Jake Shields for five rounds up in the Great White North and not only failed to secure a finish, but lost a couple rounds on two of the judges scorecards.
It was the first time he had failed to win every round since his Aug. 2007 fight against Josh Koscheck.
To make matters worse, the French-Canadian suffered an eye injury that could have been much worse than it ultimately was. He's already cleared and back in the training room, however, and he's got his next opponent.
Nick Diaz, who recently scored an improbable come-from-behind victory via first round technical knockout over British striker Paul "Semtex" Daley back on April 9, has been vocal about finding new challenges outside the Strikeforce promotion.
The Stockton, Calif., native is riding a 10-fight win streak and has finished all but one of his opponents in dominating fashion.
He's maintained the whole way that while he despises his "miserable" life of training and eating and training and fighting and training, he just wants to get paid.
A date with perennial pay-per-view powerhouse Georges St. Pierre is surely set to line his pockets with paper.
Now that the speculation can come to a close as to whether or not the superfight is going to happen, let the speculation begin on who will come away victorious.
This will be the first time Diaz has fought under the UFC banner since a Nov. 2006 win over Gleison Tibau. He hasn't fought in Las Vegas since Feb. 2007, a submission win over Takanori Gomi (later overturned to a no contest thanks to a failed drug test) under the Pride banner.
St. Pierre heads back to "Sin City" for the first time since his unanimous decision beatdown of Thiago Alves at UFC 100 back in July 2009.
Georges St. Pierre vs. Nick Diaz for the UFC welterweight championship of the world, Maniacs.
Who ya got?