To be honest with you, might get slammed in here for saying this, but I beleive that there was nothing wrong with Ray, I think he knew that EA was getting in his ass and it was clear he was being out worked disrespected in there by the smaller Augustus, Honestly I think he knew EA was turning it up and was going to stop him so he looked for the quickest way out of the fight IMO.
everytime I watch it, I just see a fighter who got his ass beat and found a way out with out the fans calling him a coward etc...