But the Commission granted McGregor a rehearing which took place moments ago ... and agreed to REDUCE the punishment to a $25k fine plus 25 hours of community service, per Damon Martin of FOX Sports. He has 6 months to complete the community service.
And get this ... now the Commission is recommending a rehearing for Nate Diaz as well, who got the same initial punishment as Conor.
Floyd Mayweather had made it loud and clear -- he's willing to step out of retirement to fight Conor McGregor ... if they can just hammer out a deal.
Floyd made the official announcement Saturday, saying "for Conor McGregor, I'm coming out of retirement ... just to fight Conor McGregor."
He added ... "I don't want to hear no more excuses about the money, about the UFC. Sign the paper with the UFC so you can fight me in June. Simple and plain. Let's fight in June. You're the B side, I'm the A side."
Here's the problem ... Dana White has already said the fight isn't likely to happen because negotiations are falling apart. They seem to be worlds apart on money ... and there's simply no deal as of February.
Floyd's been back and forth about being willing to fight Conor, but seems to be taking a firm position now ... he's willing if a deal can be struck.
Tyron Woodley said an emotional pre-fight encounter with a woman whose daughter recently died inspired him in the 5th round at UFC 209 ... and he's shipping her his championship belt.
It's a pretty incredible story ... Woodley says the woman (who works at T-Mobile Arena where the fight was being held) approached him before UFC 209 and told him that she had lost her daughter recently and watching his fights had helped her get through the tough times.
Woodley says he thought about the woman and her family during the fight and it motivated him in the championship rounds.
After defeating Stephen "Wonderboy" Thompson, Woodley says his team tracked down the woman -- and he plans to send her his belt because he knows how much it means to her.