Nick Diaz proved that he is no minor league champ on Saturday in the main event of UFC 137.

The last Strikeforce Welterweight champion overcame a slow start to dominant the final two rounds against UFC legend, B.J. Penn, as Diaz picked up a unanimous decision win for perhaps the biggest win in his career.

Diaz survived the opening round as Penn came out with a fast start, using dirty boxing and grappling to control the round. Penn had Diaz’ back at one point, but Diaz was able to get out of the dominant position and get into the later rounds, where he started to work his boxing.

Diaz used relentless jabs and combinations to pick apart the tiring Penn, who ended up with a busted nose and bruised face before the final bell sounded. The decision wasn’t really in doubt, as Diaz had clearly closed out the final two rounds.

Following the win, Diaz called out UFC welterweight champion, Georges St. Pierre, whom Diaz was originally scheduled to face before being pulled from the title bout by the UFC as a disciplinary action for missing pre-event press conferences.

Still, Diaz is likely in line for a title shot against GSP or Carlos Condit, who will be fighting for the title in early 2012.

Penn announced his retirement from the sport following the loss, his third in his last five fights. Penn will go down as one of the all-time greats as he held titles in two different weight classes and was arguably the top pound-for-pound fighter in the world during his prime.

For full UFC 137 results, check out the jump.

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The UFC has two legendary welterweights facing off in the main event of UFC 137 on Saturday night as B.J. Penn takes on Nick Diaz.

Penn is a former UFC welterweight and lightweight champion while Nick Diaz was the Strikeforce welterweight champion prior to leaving the organization for greener pastures.

Penn (16-7-2) comes into this three-round contest as the favorite over Diaz (26-7-1), as Penn has odds of -125 to top Diaz, who has a money line of -105. Both fighters have similar styles as each relies on boxing and jiu-jitsu to win fights. Penn may have the edge in regards to wrestling, but Diaz will have a big size edge in terms of mass and reach. Both fighters will be sure to leave everything in the octagon, which makes this fight very interesting.

The co-main event also has a very competitive contest as heavyweights Cheick Kongo (26-6-2) and Matt Mitrione (5-0) face off with the winner emerging as a top-10 contender in the division.

Mitrione is the slight favorite, with a money line of -140 while Kongo has odds of +110 to win. Both fighters are primarily strikers, but Mitrione packs the harder punch and is more mobile while Kongo has a slightly better ground game. Mitrione will look to keep the fight standing and stick-and-move while Kongo will look to utilize leg kicks and takedowns to finish the fight with ground-and-pound.

For complete UFC 137 betting odds, check out the jump.

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E. Spencer Kyte of HeavyMMA.com shares 10 things he learned from UFC Fight for the Troops 2.

UFC Deserving of Praise for Fundraising Efforts
For all the crap the UFC (and mixed martial arts in general) takes from opponents, name me another major sports organization that has brought their product directly to the men and women who protect us?

Fight for the Troops 2 gave more than 3,200 soldiers the chance to watch the sport first-hand, and the fundraising efforts attached to the event generated more than $650,000 in donations during the broadcast alone. The initial Fight for the Troops event held two years ago raised over $4 million for the Intrepid Fallen Heroes Fund, and Saturday’s event should eclipse that number when all the dollars are counted.

While other major professional sports leagues honor soldiers during regularly scheduled games and show their support for the troops in various ways, the UFC is the only organization to bring their product onto an Army base and give those soldiers a night away from their everyday stresses.

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Tonight brings the rematch of Lyoto Machida and Mauricio “Shogun” Rua with UFC 113: Machida vs. Shogun 2 from the Bell Centre in Montreal. The card doesn’t have a lot of overwhelming bouts outside of the main event, but each fight should be interesting. Here are my picks for tonight’s main card:

UFC Light Heavyweight Championship – Lyoto Machida (16-0) vs. Mauricio Rua (18-4) – Shogun exposed weaknesses in Machida’s once-thought unstoppable style in the first meeting at UFC 104. Now, in this rematch, look for Machida to approach the fight from a different style and make the proper adjustments to win this fight decisively. Shogun gave one of his best efforts at UFC 104 and he has the potential to win this fight, but Machida has a better team around him to have him prepared to win this contest. I like Machida to win by TKO in round four.

UFC Welterweight Bout – Josh Koscheck (16-4) vs. Paul Daley (23-8-2) – This fight will determine who will coach alongside UFC Welterweight Champion, Georges St. Pierre, in the next Ultimate Fighter and also be the new No. 1 contender to St. Pierre’s title. This fight can be won by Koscheck if he checks his ego at the door and takes the fight to the ground as Daley is the better and more powerful striker but struggles on the ground. Look for Koscheck to feel Daley out early, but eventually rely on his wrestling skills to get the fight to the ground where he will sink in a choke in round two.

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