Free agent Eddie Alvarez took to the media to disclose his displeasure for the way contract organizations were going between him, Bellator and UFC. Bellator recently waived a clause preventing him from shopping around though the organization always maintained the right to match any potential offers.
Despite claims from Alvarez saying Bellator didn’t actually offer terms equivalent to the UFC’s deal, Bellator CEO Bjorn Rebney recently said his promotion has done just that. While Bellator has matched the contract dollar for dollar, there is a clause in the UFC contract for Alvarez to earn a percentage of PPV buys if he does well. However, Rebney is saying they only have to match the guaranteed money from the promotion and not what he might make.
Rebney told MMAFighting:
“I will tell you point blank, no questions asked, we matched it dollar for dollar, term for term and section for section. To avoid any kind of ambiguity, let me make clear, we took the UFC contract, we took it out of the PDF format, we changed the name ‘UFC’ to ‘Bellator’ and we signed it. We didn’t alter a word, we didn’t alter a phrase, we didn’t alter a section, we didn’t alter a dollar figure… There is no guaranteed pay-per-view in the UFC offer to Eddie Alvarez. We as Bellator don’t have to match projections. We don’t have to match what could conceptually happen. We have to match guaranteed dollars and what the UFC contractually guaranteed would occur. That is what we are held to.”
PHOTO CREDIT: BELLATOR