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According to MMA journalist Ariel Helwani, Shelby had offered O’Malley a fight with former UFC lightweight champion Frankie Edgar at UFC 268.

The proposed contest would make Sean O’Malley’s biggest challenge to date, but ‘Suga’ recently explained that a big name does not result in a big cheque.
“Next fight, a lot of people want me to fight someone ranked,” O’Malley said on the “No Jumper” podcast (h/t MMAJunkie). “They wanted me to fight someone ranked last fight. I was supposed to fight Louis Smolka (at UFC 264). For me, I have a contract to fight a certain amount of fights, and I’m gonna get paid a certain amount of money whether I fight Louis Smolka, the dude I was supposed to fight, or I fight Petr Yan, the No. 1 bantamweight in the UFC. I get paid the same. I’m gonna fight this dude (who is lower). And I’m going to fight this dude on a Conor McGregor pay-per-view.”
Sean O’Malley continued:
“Chael Sonnen always says fight the worst dude on the highest part of the card. A lot of bantamweights, and just people in the UFC, they definitely hate, and it comes from jealousy. I’m getting way more eye balls than them. I perform in there. You can go and watch some of these guys perform, and you literally pick up your phone, start surfing Instagram, you just don’t give a f*ck what they’re doing.”
https://www.bjpenn.com/mma-news/ufc...ainst-fighting-ranked-competition-in-the-ufc/