Bonuses were given for Fight, Submission and Knockout of the Night and each bonus was $65,000.
Edson Barboza and Terry Etim took home Fight of the Night for the almost three-round war that they opened up the main card with.
Etim came out aggressively and had some early success, but was eventually slowed by Barboza's devastating leg kicks.
From there, the fight was mostly a technical striking battle with Barboza getting the better of most exchanges.
It looked like Barboza was en route to an academic unanimous decision but, eager to thrill the fans, Barboza through a late spinning-wheel kick that caught Etim on the jaw and ended the fight.
UFC commentator Joe Rogan said following the knockout that it was the first spinning-wheel kick KO in UFC history.
For the finish, Barboza also took home the Knockout of the Night bonus, netting a total of $130,000 in bonuses.
Master of leg locks Rousimar Palhares once again showed the world why you don't want to go to the ground with him.
A touch over a minute into his fight with Mike Massenzio, Palhares dove on a leg and quickly locked up a heel-hook, ending the fight in violent fashion.
It was a solid win for the up-and-coming Palhares and it also earned him the Submission of the Night bonus.
For more on UFC 142, stay tuned to Bleacher Report.