It's been almost a decade since Dana White stripped future hall of famer BJ Penn of the UFC WW title after they refused his salary demands (which were quite modest if you read his book Why I Fight: the belt is just an accessory).
LAS VEGAS, NV, May 17, 2004…. Zuffa, LLC, owner of the Ultimate Fighting Championship, announced that due to BJ Penn’s reported signing with the K-1 organization, Penn would no longer compete in UFC events. Additionally, Penn’s actions have resulted in him being stripped of his title.
"I am looking forward to moving on and crowning a champion," stated UFC president, Dana White.
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Source:
http://fcfighter.com/post/bj-penn-st...erweight-title
On a recent episode of UFC embedded we saw Lorenzo say he was negotiating an extension with Jon Jones. How serious are they about keeping him?
It has been only one month since the LHW champ last defended his crown. Would you support the UFC stripping a fighter one month after a defense?
LAS VEGAS, NV, May 17, 2004…. Zuffa, LLC, owner of the Ultimate Fighting Championship, announced that due to BJ Penn’s reported signing with the K-1 organization, Penn would no longer compete in UFC events. Additionally, Penn’s actions have resulted in him being stripped of his title.
"I am looking forward to moving on and crowning a champion," stated UFC president, Dana White.

Source:
http://fcfighter.com/post/bj-penn-st...erweight-title
On a recent episode of UFC embedded we saw Lorenzo say he was negotiating an extension with Jon Jones. How serious are they about keeping him?
It has been only one month since the LHW champ last defended his crown. Would you support the UFC stripping a fighter one month after a defense?