Dominick Cruz knee injury cancels UFC 148 fight against Urijah Faber

Well, it's a good thing Ultimate Fighting Championship (UFC) already has a new main event for its Fourth of July weekend pay-per-view (PPV) extravaganza, set to go down on July 7, 2012 from the MGM Grand Garden Arena in Las Vegas, Nevada.

Now it's time for a new poster.

That's because Bantamweight Champion Dominick Cruz has reportedly torn his anterior cruciate ligament (ACL), forcing him to withdraw from his UFC 148 title defense against arch nemesis and opposing Ultimate Fighter (TUF) 15: "Live" coach Urijah Faber.

MMA Weekly was the bearer of bad news earlier today.

The two first met up back in the World Extreme Cagefighting (WEC) days when "The California Kid" was ruling the roost as featherweight champion. Faber submitted Cruz in that fateful first meeting, besting his foe in just 1:38 of the first round.

"The Dominator" got his revenge just over four years later at UFC 132 with a unanimous decision victory in the main event of the promotion's annual Fourth of July weekend fight card.

The rubber match was expected to settle, once and for all, who the world's best 135-pounder is. That debate, for now, will be temporarily placed on hold.

As of now, the promotion has yet to alter its July 7 line-up, which recently lost the middleweight match-up of Michael Bisping vs. Tim Boetsch, who are headed north for the UFC 149 fight card in Calgary, Alberta, Canada.

Perhaps Faber can remain on the "Sin City" show and the UFC can institute yet another Interim title. Hopefully one that will be defended prior to Cruz's return.

Calling Renan Pegado ...

Stay tuned to MMAmania.com for more information on this developing story as it becomes available.