UFC on FOX 1: Alex Caceres vs Cole Escovedo booked for Nov. 12

Instead of handing "Bruce Leeroy a pink slip after his latest loss, UFC President Dana White has elected to give Alex Caceres one more chance to prove himself.

He'll just have to do it in a different weight class.

That's because Caceres will drop down to bantamweight for a battle against Cole Escovedo at the UFC on FOX 1 event on Nov. 12 in Anaheim, California, as announced by the promotion:

Alex "Bruce Leeroy" Caceres is dropping to 135 pounds to take on Cole Escovedo at the UFC on Fox event in Anaheim. UFC president Dana White announced today that verbal agreements are in for the bout. "Both bantamweights had non-stop action fights in their last outings and are sure to do the same November 12."

After bouncing out of The Ultimate Fighter (TUF) 12 in episode 10, Cacares was asked back for a bout against Mackens Semerzier, in which he was submitted in the very first round.

Somewhat surprisingly, he was brought back once again and thrown in against the unheralded Jimy Hettes. He survived one round longer but mean the same fate -- a rear-naked choke submission defeat.

That's two strikes for the bubbly bantamweight. You know what's coming if he gets to three.

Attempting to send him out of there is Cole Escovedo, a 30-year-old veteran of the fight game who has fallen on similar hard times.

In five fights since July 2010, "The Apache Kid" has bounced around weight classes and amassed a poultry 1-4 record.

This was easy pickings for UFC matchmaker Joe Silva. Take two struggling fighters that usually bring it and pit them against one another. Winner gets to keep his job, loser leaves town.

Fireworks, anyone?

UFC on FOX will mark the promotion's debut on network television and feature heavyweight champion Cain Velasquez defending his title for the first time ever against division number one contender and noted knockout artist Junior dos Santos.

For the current UFC on FOX fight card and rumors click here.