He's the only top five pound-for-pound MMA fighter who isn't in the UFC but Fedor Emelianenko isn't ready to bow to Dana White under what he's calling an unfair contract:
"If Dana White can offer a contract that's not one-sided and it's not cumbersome to the point where we look at it and realize that we can't fight for him, then we'll fight in the UFC."
White has gone on record consistently saying it's Fedor's management that is holding up a deal. Sounds like Emelianenko himself is well aware of the terms of the initial deal that was offered.
Watch Fedor talk about a move to the UFC (6:55 mark):