(Loser pays for the pig roast at the afterparty.)
CagePotato has learned through a source close to the situation that discussions are underway between Matt Hughes, BJ Penn and the UFC to set up a rubbermatch between the pair at UFC 123 on November 20.
The event, which is scheduled for The Palace of Auburn Hills in the Detroit suburb of Auburn Hills, Michigan will feature a main card match-up between former UFC light heavyweight champions Lyoto Machida and Quinton Jackson.
We first learned of the possible match-up last week, and although we were unable to confirm with Hughes’ or Penn’s camps as of time of writing, both men have since confirmed that they could possibly compete in November, so it seems like the tip was legit and that the bout is in fact a plausibility.
Penn mentioned in a video blog that was posted on BJPenn.com last week that he was contacted by UFC president Dana White about a possibly taking on a "big fight" in November.
Hughes made a similar statement yesterday via his website, Matt-Hughes.com.
"…Dana called me yesterday and we had an interesting conversation about the November 20th UFC in Detroit," Hughes wrote. "More news about that down the road."
If it comes to fruition, the bout will mark Penn’s first fight at welterweight since he lost by TKO to current UFC 170-pound kingpin Georges-St-Pierre nearly 22 months ago.
At the time, Penn held the UFC lightweight strap and moved up to face St-Pierre in an attempt to win both titles, but fell short. Prior to that, Penn hadn’t fought at the heavier weight since he lost to then-UFC welterweight champion, Hughes by third round TKO at UFC 63 nearly three years ago.
The first time the pair met, it was Penn who had his hand raised.
After coaxing a tap from Hughes in the first round of their UFC 46 170-pound championship bout, Penn walked away from the promotion, vacating the title without ever defending it.
There will likely be no shortage of bad blood between these two heading into this fight if it happens.
Penn has spoken about his desire to eventually move back up to welterweight for quite some time and it seems that the back-to-back losses to Frankie Edgar may have been the impetus for the change of scenery.
We will have more as this story develops.