Currently retired fighter Nick Diaz is not closed to the idea of returning to the octagon, but it would still need to be on his terms. Pay-per-view terms in fact. Currently staying in Las Vegas, NV, Diaz spoke with Fighter Only Magazine on numerous topics, such as his picks for next Saturday’s Georges St-Pierre vs. Johny Hendricks events.

“I think Georges St. Pierre will win that fight. I watched Hendricks and Condit and I wasn’t that impressed with Hendricks. I think Georges should win with strikes rather than a wrestling match,” he says.

Diaz goes on to explain his thoughts on where he stands in the welterweight division.

“They are talking about there’s nobody to fight him [GSP] after this. I’ll make a joke out of that real quick – I think there’s nobody on my level really. I don’t want to name names but that’s how I feel. So I feel like if the fans want to see me fight…” says Diaz, trailing off without mentioning a title fight directly.

Of course there is the rumor floating around that Diaz had shown interest in fighting Michael Bisping on his return. Diaz quickly dispels the rumor.

“And [Bisping’s] been getting knocked out a bunch lately so I’m like, lets wait until I start getting knocked out too. I can’t afford to be getting knocked out [at middleweight] right now. Lets wait until my late 30s or something! [laughs].”

“I don’t see that being a really big fight like this one fight I’m thinking I could have at welterweight,” he says, again hovering around the topic of a rematch with St. Pierre without actually calling the champion out.

Of course, the big question–what’s the pay? Diaz is looking for pay-per-view percentages, which is where it’s said that top fighters make majority of their income.

“Well we could negotiate. I am a pretty big draw. So we would have to negotiate a pretty decent amount of pay and a pretty decent amount from the pay-per-view. I’m talking like three to five dollars [per PPV unit sold] the same as these other important fighters are getting, because I am out there putting on a show,” he says.

“Some of those guys are making way more money than what my contract is worth. I’m not making a fraction of it. And I don’t want you to think I am just regurgitating some [rumors] here. I understand what I understand, I hear what I hear.

“I’ve had some time off from fighting and some free time to finally start looking at things like this and thinking about it. Its a bit easier for me to learn what’s what now.”

“Well I am talking about big fights, so I could be really enthusiastic about all that [PR stuff] nowadays. Before I didn’t want to talk or do anything extra, because I wasn’t getting paid for it,” he says.

“I didn’t want to do all these conferences and all this running around on PR and not getting paid for it and its interfering with my training, you know? But if you look at the last two fights I think I started to show more enthusiasm for it. The last one I think I explained myself pretty good.”

“I’m trying to work something out with the team of guys who do it. But to be honest I haven’t been really too motivated lately in terms of things to make money. I’ve been training a lot, training with my brother [Nate] for his fight coming up, and moving house,” he says.

“And before that, just a few months of indecisiveness really. I’ve been traveling around a little bit. The free time has been good, its different. Now if there’s a big fight available… people know where I am.”