With UFC on FOX 2 this weekend, the organization felt now would be the perfect time to announce the third event on the network along with the first fight on the card. In what is sure to be a fan-pleasing scrap, lightweights Jim Miller and Nate Diaz are set to throw down on May 5 when the octagon invades the IZOD Center in East Rutherford, New Jersey.

The bout, along with the date and venue, were announced by UFC president Dana White on his Twitter account.

Miller was just in action this past Friday when he submitted Melvin Guillard in the main event of the first ever UFC on FX show. The win got Miller back on track after he dropped a unanimous decision to current top lightweight contender Ben Henderson last August. The New Jersey native has won eight of his last nine bouts, which includes victories over Charles Oliveira, Mark Bocek, Gleison Tibau, Josh Neer, and Mac Danzig. Miller has only lost three times in 24 professional bouts, all by way of decision.

After struggling in the UFC welterweight division, Diaz dropped back down to 155 this past September and turned in one of the best performances of his career, submitting Takanori Gomi in the first round of their UFC 135 contest. The younger Diaz brother followed that up with a unanimous decision win over Donald Cerrone in a war that earned the pair Fight of the Night honors, which was his eighth event bonus in 14 UFC bouts.