UFC 132: Cruz vs. Faber was a mixed martial arts event held by the Ultimate Fighting Championship on July 2, 2011 at the MGM Grand Garden Arena in the Las Vegas suburb of Paradise, Nevada.

UFC 132 was originally set to feature a rematch between B.J. Penn and Jon Fitch, but both were forced to withdraw because of injuries.

Evan Dunham was expected to face George Sotiropoulos at the event, but was forced off the card with an injury and replaced by Rafael dos Anjos.

Jason Miller was scheduled to face Aaron Simpson at this event. However, Miller was removed from the card after accepting a coaching position on The Ultimate Fighter 14, and replaced by Brad Tavares.

Cub Swanson was expected to face Erik Koch at this event, but was forced from the bout with an injury. Koch was instead moved to UFC Fight Night 25 to take on Jonathan Brookins.

UFC 132 featured two preliminary fights live on Spike TV and the remainder of the preliminary bouts streamed on Facebook.

The following fighters received $75,000 bonuses.

The following is the reported payout to the fighters as reported to the Nevada State Athletic Commission. It does not include sponsor money or "locker room" bonuses often given by the UFC and also do not include the UFC's traditional "fight night" bonuses.