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His contract IS expired. He's trying to negotiate a new deal with the ufc that allows him to box also.I would wear a cardboard belt.
But yes, using their name and brand which really helped get him into the ring.
Then Ngannou should let his contract expire.
He doesn't want to walk away from the ufc. He wants to be allowed to box while in the ufc as the champ.
My worries, as the ufc, is we allow ngannou to box and after he gets his payday he never fights again.