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Nah, Diaz had nothing for Penn when BJ was on top of him. He defended a rear naked choke attempt from BJ and because BJ couldn't get any danger done, he stood back up. GSP isn't like that. He doesn't care whether he can do serious damage on the ground or go for subs. He's just content to lay in your ground, improve his position a little, work a little ground and pound, all in a calculated manner so he doesn't get caught in submissions.
It is true that GSP has never faced a guy with a good stand-up game (still not convinced it's 'world-class'), iron chin, cardio for days and unbreakable will. But Diaz has never faced a guy with the wrestling chops of GSP, with the excellent jab of GSP, with the athleticism of GSP. The breaking point for me is that GSP's strengths directly nullify Diaz' strengths. I can't say that of Diaz' strong points.
I don't get why no one is able to take advantage of Diaz' stand-up. It looks so sloppy with those pitty-patty punches. Penn had plenty of success in tagging Diaz before he gassed in round 2. Can hardly believe Diaz was serious about doing a bout in boxing. He would get whipped by a guy with a negative record, that's how bad his stand-up is from a boxing perspective. But it seems to work very well in MMA. I can't wrap my head around why it's so effective. I think it's because I look at it from a boxing stance.
Also, UFC 138: good night of fights. Conclusive winners, exciting stoppages and no crappy judging.