The story on Jeremy Stephens from Dana White
From the press conference
Stephens was wanted for a warrant for an assault in Iowa. They waited until noon on the fight day to arrest him, likely to keep him from seeing a judge. They are planning on extraditing him to Iowa for this case. The UFC made three different deals to get Stephens out and each time the people from Iowa changed the terms to keep Stephens in jail. Yves Edwards will get to fight as soon as possible, likely not against Stephens. Dana believes someone in Iowa has a vendetta against Jeremy and wanted to make sure he didn't earn an income.
The UFC will not be cutting Stephens over this and Dana believes "his" side of the story.
Don't expect the UFC to run a show in Iowa anytime in the future.