By Allan Fox: With the money and the television networks not there, former two division world champion Zab Judah has reportedly dropped out of negotiations to fight IBF light welterweight champion Lamont Peterson (30-1-1, 15 KO’s). Instead of Peterson of Judah happening, Peterson will now face former #WBO light welterweight champion Kendall Holt (28-5, 16 KO’s) in a fight that is perhaps even worse than the Judah-Peterson fight.

Television networks likely won’t be interested in showing this fight, and it’s going to come down to Peterson bringing in the gate money for this fight to make any real cash.

Had Judah accepted the fight with Peterson, he would have received little more than $12,000, which is terrible given the big paydays that Judah has received during his career. Judah will be okay, though, because he’s being mentioned by Golden Boy Promotions CEO Richard Schaefer as a potential opponent to fight WBA/WBC light welterweight champion Danny Garcia in early 2013, in a fight that Schaefer would like to stage in Brooklyn in order to take advatage of Judah’s Brooklyn roots.

As for Peterson, he and Holt have until November 22nd to negotiate the fight, according to Dan Rafael of ESPN. If the fight isn’t signed by then it’ll go to purse bids.

Peterson isn’t exactly in the best position to get a television fight due to him having recently tested positive for synthetic testosterone when he was training for a rematch against Amir Khan. The positive drug test resulted in the Khan-Peterson fight going down the drain and Peterson hasn’t fought since.

Holt previously held the WBO light welterweight title from 2008 to 2009, losing the belt to Tim Bradley in April 2009. Holt has since lost to Kaizer Mabuza and Danny Garcia. Holt fought Garcia fairly closely, losing by a 12 round split decision last year in October.

You would have to see the Holt-Peterson fight as a toss up because both fighters are flawed. Holt has the better hand speed and power, whereas Peterson has the superior stamina and aggression.