Corrales promoter Gary Shaw announces that the fight is off. Castillo's promoter Bob Arum says he is "mortified and completely embarrassed. The SHOWTIME telecast will go on with IBF flyweight champion Vic Darchinyan vs Luis Maldonado as the main event.

Jose Luis Castillo has just weighed in at 140 or FIVE POUNDS above the lightweight limit. Corrales weighed in right at the 135 limit. After Corrales made weight, Castillo got on the scale again and weighed 139.5. Castillo now has two hours to lose two pounds. IF he can do that, Castillo will be given another two hours to lose the balance. At that point, they'll decide if we have a fight. Promoter Bob Arum has stated previously that Castillo was facing big penalties if he could not make weight. It is rumored he would forfeit 25% of his purse to Corrales. (More to come!!!)

Promoter Bob Arum is furious at Castillo. "This is a complete disgrace," said Arum. "As far as I'm concerned, I do not represent him. If I was Corrales, I wouldn't fight him. This is a disgrace to the sport of boxing."

UPDATE: Castillo has two hours to lose two pounds. Period. The Nevada commission will not allow him to lose more, saying it is medically unsafe. If he can't lose two pounds, apparently there is no fight.