James Toney hasn't been relevant for about a decade. He won't even have a meaningful fight, let alone against a Klitschko or for a title. Jones wasn't just "on the slide" when he fought Lebedev, he was and is awfully shot-to-pieces and has been for year.
Toney is still tough fight for anyone. In his last fight he destroyed bare knuckle fighting world champion to claim IBU title in his already impressive collection of titles
In his last fight he beat glorified tomato can Bobby Gunn when Gunn broke his hand and quit. The IBU title Toney is a B-U-M. A fat, ignorant, foulmouthed, racist, delusional BUM. He owes California about $350,000 in back taxes which is why he's still trying to call out the Klitschkos and Haye. http://articles.latimes.com/2012/apr/14/business/la-fi-tax-deadbeats-20120414
I'm sure he'll fight on sporadically over the next 4 or 5 years facing journeymen types like gunn and reed, defending whatever bauble he has whilst claiming that everybody avoids him. I'm a Toney fan and it's hard to admit but that's all he's got left...