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Iaquinta, 30, says he contacted the UFC several weeks ago to discuss his retirement. The catalyst for the call was because he was still subject to random drug testing by the United States Anti-Doping Agency (USADA) -- an inconvenience he no longer wanted.
It appeared to be the final straw of a strained relationship. Iaquinta has fought just once in the past two years, stating his pay simply isn't worth the risks of stepping into the cage.
"After my last fight [in April], I put a number in my head, and I wasn't going to fight for anything less," Iaquinta told ESPN.
"They almost got me [in December]. I accepted a fight against Paul Felder, but it wasn't the number I had. I kind of rushed into it. So I pulled out of that fight. I stuck to my guns.
"One day, I got on the phone with [UFC matchmaker] Sean Shelby and said, 'Listen, USADA is coming to my office to test me. This is unacceptable. I said I was going to pull myself from the USADA program. And they came back with the number I wanted."
"I signed a new four-fight deal," Iaquinta said. "They gave me a new contract on the second fight of my old deal -- I don't think they do that for many people. All these fighters kind of take what's given to them. Very few know their worth.
"I still think I'm worth a lot more, but this is a step in the right direction."
Iaquinta's UFC deal 3 times better than earlier
Let this set a precedent for fighters who are getting screwed! Sometimes ya gotta play hardball with Dana and Co.