ESPN announced the finalists recently. The ESPY's take place July 11 on ESPN.
Jones (16-1) defeated Ryan Bader, Mauricio "Shogun" Rua, Quinton "Rampage" Jackson and Lyoto Machida in 2011, with the Rua win securing him the UFC title.
Silva (31-4) toppled Yushin Okami and Vitor Belfort last year.
Manny Pacquiao won the award last year.
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