Check out my rankings within each division by clicking on the links below.
Note: Results through Feb. 6.
BANTAMWEIGHT DIVISION (UP TO 135 POUNDS)
1. Cody Garbrandt (11-0)
Garbrandt was supposed to have a "puncher's chance" against Dominick Cruz. He ended up having a lot more than that. Garbrandt sits atop the division after his win over Cruz, in one of the most spectacular performances of 2016.
2. TJ Dillashaw (14-3)
As far as getting a UFC title shot, it's easy to see why Dillashaw believes he has held up his end of the bargain. A narrow defeat to Dominick Cruz has now been followed by decisive wins against Raphael Assuncao and John Lineker.
3. Dominick Cruz (22-2)
For the first time in just about ever, Cruz struggled to get out of the way of his opponent's offense. A loss to Cody Garbrandt at UFC 207 does not erase what was otherwise a historical year for Cruz, who reclaimed his title after multiple injuries.
4. Raphael Assuncao (24-5)
Assuncao picked up his first win in more than two years in January, a split decision nod over Aljamain Sterling. He missed considerable time in recent years due to injury, but remains one of the best 135-pounders in the world.
5. John Lineker (29-8)
Lineker remains one of the most dangerous fighters in the division, but a decision loss to TJ Dillashaw at UFC 207 highlighted some of his shortcomings as a mixed martial artist. Still, with the power he possesses, he'll always be in the mix.
6. John Dodson (18-8)
A hard luck split-decision loss to John Lineker at UFC Fight Night in Portland has Dodson on the outside looking in when it comes to a UFC title shot. That fight was razor close and could have gone either way, but it goes down as a loss and now Dodson needs to start a new streak.
7. Marlon Moraes (18-4-1)
The WSOF champion now has a win streak at 13. He's entering the prime years of his career. Moraes versus the division's best would be must-see TV.
8. Bibiano Fernandes (20-3)
Fernandes doesn't consistently go up against the top talent in the world fighting for ONE FC, but that only slightly diminishes the fact he has lost just one fight since 2008. He is coming off a split decision over Reece McLaren.
9. Bryan Caraway (21-7)
Whatever the reason, Caraway probably hasn't received enough credit over the course of his career. A win over undefeated ranked opponent Aljamain Sterling in May, plus a 7-2 record in his last nine, finally has Caraway near the top of his division.
Next: UFC Fight Night on Jan. 15, vs. Jimmie Rivera
10. Jimmie Rivera (20-1)
Winner of 19 in a row, Rivera is poised for a breakout year heading into 2017. He's coming off a signature win over Urijah Faber and will look to add another one against Bryan Caraway.
Next: UFC Fight Night on Jan. 15, vs. Bryan Caraway