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Conor McGregor vs. Nate Diaz II official for August's UFC 202

So much for Conor McGregor vs. Nate Diaz II fading into the ethos.

UFC aired a promo spot Saturday during UFC 199 that the fight that headlined one of the most purchased UFC PPVs of all time will headline UFC 202 on Saturday, August 20th in Las Vegas, NV. 

After they aired the promo, Diaz was shown at cageside next to Dana White, flexing his biceps and getting a hero's welcome. 

The road to the rematch is longform story worthy with the fight originally scheduled to headline UFC 200 only to fall apart supposedly because McGregor didn't want to come to a press conference as he was training in Iceland. What followed was a classic "he said, they said, he said again" situation that saw UFC cancel the fight and eventually put a light heavyweight title unification bout between Jon Jones and Daniel Cormier in its place.

After Diaz said he wouldn't fight anyone else but McGregor, the Stockton, CA, native then decided to play some financial hardball about what it would take to get him to do the rematch: McGregor money. After a meeting between White, Diaz, and Lorenzo Fertitta reportedly went astray, White said this week that it didn't look like the fight would happen and alternatives for McGregor were being explored. 

Well, there was no alternative. Diaz will get a chance to beat McGregor again, and the featherweight champion gets to prove that he can fight -- and win -- at 170 pounds on a full camp.

So yeah, this is a high stakes fight.

Bryan Alvarez and Dave Meltzer will be back tonight to talk UFC 199, Brock Lesnar's return to UFC and how this deal came to pass, the Conor McGregor vs. Nate Diaz rematch being signed for UFC 202 and more.  Sign up today for full access to all of our new and archived shows (8,000 total), new and archived Wrestling Observer Newsletters and more!