He got a second chance, but couldn't capitalize on it.

Former World Extreme Cagefighting (WEC) Bantamweight Champion Miguel Torres has been released (again) from Ultimate Fighting Championship (UFC), following a devastating knockout loss to top 135-pound prospect Michael McDonald at the UFC 145: "Jones vs. Evans" pay-per-view (PPV) last April.

The good news is, he's already on the rebound.

Torres (40-5) hooked himself up with the gang at Titan Fighting Championship, the regional mixed martial arts (MMA) promotion based out of Kansas City and home to fellow ex-ZUFFA zealot Anthony Johnson. The East Chicago native is expected to make his televised debut on Nov. 2, 2012.

From MIguelTorresMMA.com:

"As a result of my last loss, I was cut from the UFC. My next fight will be in Hammond, Indiana for Titan Fighting Championship on November the 2nd. I am excited to continue fighting, to regain my focus and to get back to what made me a champion."

See his full statement here.

Torres was originally released from his UFC contract back on Dec. 8, 2011, following a controversial rape joke on his official Twitter account, but was given a second chance after Torres "impressed" UFC President Dana White with the way he handled his business outside the cage.

Inside the cage? That's a different story.

After coughing up the bantamweight belt to Brian Bowles under the WEC banner, Torres went 3-3 while failing to generate any kind of momentum to propel himself back into the 135-pound title hunt. Time to get back on the horse and ride on.

Anyone think he was prematurely released?