Ray J is backing out of the November 10 celeb boxing match. The singer was set to referee the fight between former “Teen Mom” Farrah Abraham and Nicole Alexander (aka Hoopz). The 37-year-old’s team wanted $50K plus travel and security costs, but the promotor, Damon Feldman, didn’t have the means to supply that so Ray agreed to do the event for only $25K. Damon and fight investor Samantha Goldberg are now asking if he will do it for even less dough because the event is not selling like they had hoped. David Weintraub, Ray’s manager said, “no dice.” David also represents Farrah, who recently backed out of the fight because of similar issues with the promotor.