"He told me something like 'no way, f ... that shit. I love fighting, it's who I am'.
"And it's worked out ... Mark Hunt's made a lot more money than we offered him."
Indeed, in his eleven UFC fights, Hunt has amassed US$325,000 in fight bonuses alone.
It's also estimated the hulking brawler, gunning for one last run at the heavyweight title, now earns $160,000 per fight.
Still, a dollar has never been harder earned. Nor has Hunt received anywhere near top dollar for a large chunk of his UFC career.
Understandably, the man himself has always been coy when it comes to earnings.
And with eight of his appearances having come outside America, where fight commissions aren't required to provide salaries, any chance of tallying his net worth is impossible.
It has been suggested, however, that the 41-year-old received only US$6000 per appearance for his first two fights after shunning White's offer.
Official records show that figure jumped to US$160,000 three years ago, when he battled Junior dos Santos at UFC 160 in Las Vegas.
"Mark Hunt is one of the greatest stories in sports," White continues. "You've got to love the guy. No one has ever left one of his fights and said 'oh, I never wanna see him go around again'."
White says he has no concerns about Hunt fighting deeper into his 40s.
"I'm one of the rare guys in combat sports who does say 'hey, retire, I think you've had enough," White says. "And I actually catch a lot of shit from the fans for that, people get pissed at me.
"But I don't want to make one dollar of that kind of money, all right. I want competitors, not guys getting hurt.
"And Mark Hunt, he has fight left in him. What concerns me are the (older) guys getting knocked out repeatedly. But Mark Hunt isn't that guy."
- news.com.au