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Tito Ortiz is opening his mouth again, but is anything coming out? Over the weekend, he “guaranteed” he would be fighting again in July for either the UFC or Affliction. Of course, he’s already cried wolf one too many times to take him seriously at this point, so excuse us if we’re not buying it.

Then today comes this video interview with Tito. He basically says the same thing, but as MDS pointed out, he did say something interesting about Affliction.

Remember that ridiculous notice ProElite sent out in response to numerous fighters filing for breach of contract yesterday? You know, the one where they said they still planned on promoting events in 2009. Well, here’s what’s really going on.

In a Securities and Exchange Commission filing dated Nov. 4, executives from Showtime Networks and parent company CBS Corporation announced that the assets of Pro Elite, Inc. would be sold to the highest bidder in a public auction scheduled for Nov. 17.

“Showtime gave the Issuer a notice pursuant to the Security Agreement, as amended, that it intends to sell all of the Issuer’s personal property, whether tangible or intangible, to the highest bidder at a public sale,” the filing states. “Showtime reserves its rights under the Security Agreement, as amended, and applicable lawto adjourn or cancel the sale and thereafter dispose of such property in a public or private sale or in any other manner provided by applicable law.”

So basically, if you’re rich and happen to get your kicks from burning cold hard cash in your fireplace, ProElite is the perfect opportunity for you. Any takers?

One of the biggest questions to come out of EliteXC’s demise is what’s going to happen with the fighters. It seems they won’t immediately become free agents as everything will likely need to be sorted out in bankruptcy proceedings. Josh Gross of SI.com has a new report which highlights how CBS may be involved in locking down the fighters contracts for the foreseeable future.

Last we heard, EliteXC was still $2 million short of the $3 million needed to continue through the rest of the year. Showtime pumped in $1 million, although that seemed to be more of a move to position themselves as first in line to buy the company. With all of the hoopla leading up to the event, it was easy to forget how exactly they were paying for it. Well, guess what? ProElite/EliteXC didn’t pay for it, CBS did. And the real kicker is they kept all the revenues too.

The SEC filing via MMAPayout.com:

Previously, CBS ordered an additional event under the Agreement from the Company scheduled to be presented on October 4, 2008, at The BankAtlantic Center in Sunrise, Florida (the “Sunrise Event”). The Company advised CBS that it was unable to deliver the Sunrise Event ordered by CBS for October 2008 under the current terms of the Agreement.

Accordingly, the Company and CBS agreed to amend the Agreement whereby CBS would assume all expenses for the event and receive all revenue from the event. CBS advanced the estimated event costs according to an agreed upon budget in order for the Company to pay expenses related to the event. Additionally, the Company and CBS waived mutual exclusivity under the Agreement for the Sunrise Event.

So while $kala was running around talking about how great of shape the company was in, ProElite was behind the scenes telling CBS they’re so broke, they can’t even put on the third and most important event in their short history. Nice.

CBS essentially owns their ass without owning their ass. No wonder they’re so eager to put on the fourth event.

The press release:

“CBS ELITEXC SATURDAY NIGHT FIGHTS” PACKS RATINGS PUNCH

SATURDAY’S #1 PROGRAM ON BOTH BROADCAST AND CABLE IN ADULTS 18-34, MEN 18-34 AND MEN 18-49

MMA Event Tops All Entertainment and Sports Programming – Including College Football and Major League Baseball Playoffs – in Key Young Male Demos

The Third “CBS EliteXC Saturday Night Fights” Event Posts Huge Increases Over its Prior Edition in Viewers and All Key Demographics