Back in October of this year, Ultimate Fighting Championship president Dana White said that the rumor of Brock Lesnar competing in WrestleMania was nothing more than idle talk.

“Brock Lesnar is still under contract with the UFC,” White told TMZ. “He is not going to wrestle in the WWE. He cannot wrestle or box or fight anywhere else.”

Not so fast, says Dave Meltzer at the Wrestling Observer. Meltzer paints a picture of a give and take situation between White and the UFC and their biggest pay-per-view attraction.

Meltzer puts forth the theory that Lesnar and Frank Mir as coaches for the next season of the UFC’s reality show "The Ultimate Fighter"is not dead yet, even though Mir has agreed to fight Brendan Schaub in March of 2011.

“Spike would absolutely love that one because it'll do the best ratings of all,” Meltzer wrote. “Plus, UFC would love it because after 13 weeks of that, it almost guarantees a giant buy rate and they would then do that match after all. But I see that as unlikely because Lesnar leaving Minnesota for six weeks in Las Vegas with two little kids is going to be very difficult for Dana White to pull off.”

“Not that it's going to happen, but I wonder if making a deal where White lets Lesnar do Mania in exchange for doing the show would work out for both,” Meltzer continued. “Lesnar gets his big payday. White gets what would likely be the second highest rated season of the series and can do the biggest money non-championship fight of 2011. The filming of the season would be over by March, in time for Lesnar to promote Mania, and then after Mania, in theory he could do a summer fight.”

If what Meltzer writes is true, White is in a quandary, as Kid Nate at Bloody Elbow wrote, “The ball is in Dana's hands. He can go for the short-term money and give Brock Lesnar what he wants or he can hold onto control and bet that the UFC is now big enough to get through 2011 without its biggest star of 2009 and 2010.”