yea but that was quite awhile ago and the UFC HW division was more thin than it is now.
SFs isnt. They have alot of talent there, there is no reason to do this with their belt.
Nobody is disrespecting SFs HW title more than the Champion who doesnt care to defend it and the organization itself who doesnt care to find him worthy challengers in a pretty solid stable.
This is why non exclusive contracts dont work. Guys just say "nah i dont wanna fight so and so, ill go fight in japan or dubai or where ever".