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On the August 1, 2012 edition of NXT when NXT Commissioner Dusty Rhodes announced a "Gold Rush" tournament, featuring 4 developmental roster NXT Superstars and 4 main roster WWE Superstars competing to be crowned as the inaugural NXT Champion in a knockout system format. The first NXT Champion was crowned on July 26, 2012, with Seth Rollins defeating Jinder Mahal in the tournament finals.