Former IBF super middleweight champion Jeff Lacy says he would rather retire than fight Jermain Taylor for $550,000.

Lacy told the Arkansas Democrat-Gazette in a story published Sunday that the offer was too low.

"I was insulted by that number," he said. "I'm going on living my life as a retired boxer. There will be no fight between me and Jermain."

Lacy, however, said the fight, tentatively scheduled for Nov. 15, could be salvaged if he got a better offer.