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He Saw that Hagler had slowed down considerably and abandoned a lot of his boxing skills in favour of trying to blow people out.

He quite correctly worked out that he could get all of his outrageous demands met. Run like a thief for two minutes of every round, blind the judges to the actual fight and stack all the cards in his favour.
You are not wrong there. The show boating and running against hagler certainly gave one judge an hard on.