Nick Diaz vs Carlos Condit rematch not happening according to Cesar Gracie

And you can quote him.

The Nick Diaz vs. Carlos Condit rematch that UFC President Dana White had tweeted was basically a done deal with just a contract signing left on the agenda is now off the table, at least if we're to believe Cesar Gracie.

Diaz's manager told ESPN.com that the rematch is off. But he won't say why:

"Yeah, I said that (there will be no rematch). But that's all I can say. I can't say anything else. I can't do anything. Quote that if you want to. There is not going to be a rematch. Other than that, that's all I can say."

Details are sketchy and nearly all information surrounding exactly what's going on is speculation at best but something is certainly up. Where there's smoke, there's fire (maybe literally, in this case) and it likely won't be long until we get official word as to exactly what's happened.

Until then, feel free to give us your best guess as to exactly just what the heck is going on around here.