According to mmajunkie.com former Light Heavyweight boxing champ James "Lights Out" Toney has signed a multi-fight deal with the UFC.
Personally I think James Toney was one hell of a boxer in his prime but he is 41 years old and I hope for his sake he has been training because I have seen him box in the heavyweight division at around 250 lbs. There is no chance in hell he could compete in the heavyweight division in the UFC. I dont think he could even compete with the mid level guys in the 205 lbs division....He is a world class boxer but unless he has good takedown defense he will get owned and submitted many times over