I would give them the "Werdum" treatment. Dana's mistake is not cutting them, that is a business decision. It's how he did it. He should handle guys like he handled Werdum initially. After Werdum got KTFO by JDS, the UFC offered Werdum a substantial paycut to stay with the UFC. Werdum refused so they parted ways. They should have done that with Fitch and Okami. Offer them new contracts at 50% paycut. If they say yes, cool. If they say no, then you part ways because you couldn't agree on financial terms. It's way cleaner than simply cutting them, because in a way it was partially their choice. You can say you wanted to keep them, but you couldn't come to a financial agreement. That happens all the time in all sports. I don't see why the UFC seems to keep an all or nothing approach lately. At least offer less money to keep them, it can't hurt.