Moments ago Jermain Taylor's promoter Lou DiBella informed Boxingtalk that negotiations for the undisputed, undefeated middleweight champion to defend his crown against Winky Wright are off! According to DiBella, HBO would not pay more than $5 million for the fight and the Wright camp would not move forward for anything less than 50/50. More details to follow. Stay tuned! Until then...remember where you heard it first! (4:55 PM ET)

Editors Note: The WBC has scheduled a purse bid for January 30. If Taylor decides to relinquish that title rather than go through with the purse-bid Winky Wright could wind up fighting Sam Soliman in a rematch for the vacant WBC title.