It would be even more shocking if we hadn’t seen it so many times before. Once again, an alumnus of The Ultimate Fighter series has pulled off a major MMA upset. Once again, a big-name fighter from PRIDE has lost in the UFC Octagon. But it’s still strange to see this: Forrest Griffin, Light Heavyweight champion.

Griffin had the fight of his life last Saturday at UFC 86 in Las Vegas, going to the wire with defending champion Quinton “Rampage” Jackson. The fight could have gone either way; in the end, Griffin won a unanimous decision that did not sit well with many fans at Mandalay Bay. A rematch seems inevitable.

Patrick Cote scored an even narrower victory over Ricardo Almeida in Saturday’s second most important bout, winning by split decision. Cote improves to 12-4 in MMA action and moves one step closer to a fight with Middleweight champion Anderson Silva.

UFC 86 promises to be an entertaining night. The main event will be Quinton “Rampage” Jackson defending his Light Heavyweight Title against Forrest Griffin. The two are currently coaching the Ultimate Fighter 7.

Rampage is the heavy favorite to defend his title. Odds are currently set at Rampage as a -260 favorite, with Forrest coming in as a +200 underdog. Griffin earned a shot at the title by defeating Mauricio “Shogun” Rua (16-3) at UFC 76: Knockout in September.

Jackson has only fought once, against Dan Henderson, since winning the title from Chuck Liddell in May of 2007. “I think this fight with Forrest will be a great fight, we both like to please the crowd and we both have the same agenda, we both want to win this fight,” Jackson recently told reporters.

UFC 86 will be held on July 5 at the Mandalay Bay Event Center in Las Vegas.

The folks at UFC like to plan ahead. With their huge UFC 83 event in Montreal still two weeks away, the card for UFC 86 in July is already being filled out. Your hosts: the Mandalay Bay Events Center in Las Vegas.

Here’s the expected main card:

Light Heavyweight Championship: Quinton Jackson vs. Forrest Griffin
Lightweight: Joe Stevenson vs. Gleison Tibau
Middleweight: Patrick Cote vs. Ricardo Almeida
Welterweight: Josh Koscheck vs. Chris Lytle
Heavyweight: Frank Mir vs. Justin McCully

The folks at American Top Team  spilled the beans just over a week ago about the addition of four of their fighters to the card. Tibau made it onto the main deck, while Cole Miller, Steve Bruno and Ben Saunders are awaiting word on their opponents.

Although the UFC hasn’t officially announced anything, it’s believed this event will be called UFC 86: Jackson vs. Griffin. Jackson is the –260 favorite, Griffin the +200 underdog.