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I think it was a greed, and unfortunately an ill-advised one.
It was a 8 million GUARANTEED against Jon Jones, and Ngannou likely would have taken very little damage even IF he did lose, but I think Ngannou would have ran through Jon Jones, and I rate Jones as the most talented guy I've ever seen in history of MMA. And there would've been the mainstream exposure by beating someone like Jon Jones and side money off that fight. And I think he would've gone 3-0 in those three fights, whereas boxing will most likely be one off. Even if he somehow lost, he would have likely taken very little damage to his health, but who is really beating him?
He will get a bad beating in boxing, like the worst beating of his lifetime, and his last ppv did 300k, and they can't use ufc footage to hype up the fight, he can't really box, he has no leverage left, and Fury talks a lot of shit. Will that fight even happen, and if it does, will it be necessarily bigger money and will the beating be worth it?
If the Fury fight happens I would really hope the universe/God lets Ngannou win by 1 in a million KO
Ngannou then returns to the UFC and fights whoever but then losses in the UFC (unless he faces Jones) since I want Jones to lose. The new blood is needed and a Ngannou return if he became dominant would be an issue because we know he would create drama and seek to retire in a year or 2 of his hypothetical return.