LAS VEGAS (AP) — Light heavyweight champion Alex Pereira knocked out top-ranked challenger Jamahal Hill at 3:14 of the first round in UFC 300 on Saturday night.

Pereira dropped Hill to the canvas with a straight left hand and then pounded him. Referee Herb Dean stepped in to stop the fight, giving the Brazilian the victory.

Pereira, 36, was a minus-132 favorite, according to FanDuel Sportsbook.

“I see myself as the champion. I didn’t want to let the belt go to my head,” Pereira said through an interpreter. “I had to step in and win the championship.”

Hill, 32, was the previous title holder, but a torn Achilles tendon forced him to vacate the championship last July. That put the belt in Pereira’s hands, eventually setting up this matchup and is fourth pay-per-view event in 16 months.

As would be expected from a milestone card number, this was a strong lineup that included 12 current or former champions, and 11 have headlined UFC pay-per-view events.