Jake Paul‘s boxing match against Hasim Rahman Jr. has been cancelled, according to the Problem Child’s boxing promotion, after the 12-1 fighter allegedly failed to meet contractual obligations tied to his weight.

Paul vs. Rahman Jr. was set to go down August 6 at Madison Square Garden in NYC … but just one week before the highly anticipated scrap, Most Valuable Promotions announced the fight was off.

It all has to do with the weight of Hasim, who previously  fought at heavyweight, weighing more than 260 pounds. For the fight with Jake, Rahman Jr. agreed to weigh a maximum of 200 pounds at weigh-ins, the day before the fight.

However, MPV says Rahman Jr. was obligated to show the NY state athletic commission officials he was losing weight in the lead up to the fight, in an effort to prevent a big weight cut in an attempt to make 200 pounds.

Unfortunately, MVP says Hasim had lost less than one pound since signing the contract for the fight more than 3 weeks ago.

Due to this development, the athletic commission dictated the fight would be fought at 205 pounds instead. Paul — who weighed in at 190 pounds for his second fight with Woodley — says he agreed to the change.

But, MVP claims Rahman Jr. then demanded the match be fought at 215 pounds … a huge jump from the originally agreed upon 200 pounds.

That’s where Jake drew the line … and that’s why MVP says the fight isn’t happening.

“MVP and Jake Paul will not reward someone that has conducted themselves in such a deceiving and calculated manner. Therefore, MVP is left no choice but to cancel the August 6th event. This forced outcome impacts Jake Paul, Amanda Serrano and every other fighter on this card who have trained tirelessly over the past few months for this event,” a statement released by the promotion said.

A few weeks ago we talked to Rahman Jr. … and he seemed to take issue with the weight cut.

Jake responded to the cancelation, saying … “First Tommy Fumbled and now Hasim Rahman Crumbled. These boxers are the most difficult people to work with and continually lack professionalism and confidence to fight me.”

“I apologize to all of the of the other fighters on the card, our partners, our team and the fans.”

Of course, Hasim wasn’t Jake’s original opponent. That was supposed to be Tommy Fury … but Tyson’s bro pulled out over issues traveling to the U.S.