ESPN.com reported that Bellator CEO Scott Coker has confirmed that Eddie Alvarez was given an unconditional release on 8/19.
Hours later, UFC announced his debut for UFC 178 on 9/27 in Las Vegas, against Donald Cerrone. It was a fight UFC had hoped to put together for the show, but apparently had given up on since Cerrone vs. Bobby Green had been announced.
Alvarez would be expected to face the Anthony Pettis vs. Gilbert Melendez winner if he scores an impressive win, which is far from guaranteed against Cerrone. Green is being moved to a show in November.
Alvarez, the company's lightweight champion, had one fight left with the promotion. Coker in the story said that after a meeting with Alvarez and Glenn Robinson, that Alvarez made it clear he would be leaving the promotion when his contract expired after his next fight.
Weve granted Eddie his unconditional release, said Coker. Eddie is free to explore the free agent market. We hold no matching rights and we wish him the best in the future. We sat down with Eddie and his team a few times, and it became pretty clear early on that he just wasnt interested in fighting for Bellator in the future. We want guys in this organization who want to be here, and after the history Eddie and the former regime had here at Bellator, we decided to move on. We wish Eddie the absolute best of luck with whatever is next for him. Its a new chapter for everyone involved.
For Bellator, the situation was building a fighter who had made it clear he had no future with the group, and who also, by contract, had to appear on PPV, at a time when Bellator doesnt appear to be wanting to do a second PPV any time soon. Alvarez would have faced either Will Brooks, the interim lightweight champion, or rival Michael Chandler, who he had split two fights with, in his last fight.
Booking the fights were a risk for Bellator. Had Alvarez won, it would either hurt Chandler, generally considered to be the companys best lightweight, or if he beat Brooks, Alvarez would walk into UFC beating the companys two best lightweights, who would then likely have to face each other for a meaningless title.
Chandler would have had a strong shot at beating Alvarez, given that he won the first fight cleanly, and the second fight was close, with most having Chandler winning. But both fights, both match of the year candidates, were the type of fights that either man could have won.
This was a long process, but its a decision that everyone seems happy with, said Alvarez. I think its important to say that I am genuinely thankful for my time at Bellator. I know that sounds a little crazy given everything I went through, but Ive fought there since 2009, and have been involved in some really amazing fights. The staff there always treated me great, and Im going to miss seeing a lot of those familiar faces around for sure. Myself and my team had some really good discussions with Scott, but in my heart I knew I was ready to move on and start the next chapter in my career.
The promotion of 9/27 is going to be interesting. By tradition, UFC will always push the main event and the title match is always the main event unless there are two title matches on the show. However, the Demetrious Johnson vs. Chris Cariaso flyweight title fight has no marquee value at all. Based on marquee value at the top of the show, from Google searches over the past year, Johnson is a five, Cariaso a 0, Alvarez a five, Cerrone an eight, Conor McGregor is a 10, Dustin Poirier is a three, Dominick Cruz, after more than three years out, is still an 8, Takeya Mizugaki is a 0, Tim Kennedy is an 8 and Yoel Romero is a 3.
So title or not, it appears the real main events that should be pushed are McGregor vs. Poirier and Cerrone vs. Alvarez and the title match looks to be at best fourth of the five PPV fights. Also, Cruz vs. Mizugaki, last I heard, was going to not be on PPV and instead headline the FS 1 prelims.
Granted, McGregor vs. Poirier and Cerrone vs. Alvarez promoted as double mains are not going to draw as a PPV main event, even if McGregor will talk the talk, and Poirier has already shown that hell respond to the talk, and Cerrone will talk the talk as well. If Alvarez is coming in with the same contract he was offered in 2012, given this card, he may not get any bonuses because this doesnt guarantee even 200,000 buys, and if they promote the title match at the expense of Cerrone and McGregors fights, itll likely do worse. Well, any fight with Cerrone has a shot at fight of the night, and with Alvarez, it has a real good shot.
Jorge Masvidal vs. James Krause was also added to that card.
After Alvarezs contract had expired with Bellator, he had agreed to a UFC deal in late 2012, which would have put him in a fight with lightweight champion Benson Henderson on the GSP vs. Nick Diaz show on March 16, 2013, in Montreal. With his contracted PPV percentage, Alvarez would have earned $1,630,000 to $1,700,000 for that fight, far above the approximately $100,000 per fight Alvarez had been earning in Bellator.
But Bellator had the right to match the offer, which they did by guaranteeing him a similar percentage provided the Bellator show he was on did 200,000 or more buys, the number his UFC PPV bonus started kicking in at. Of course, Bellator had no shot at doing 200,000 buys on PPV, so at that time the clause was valuless. UFC virtually never fell below that number at the time, and given it was a GSP card, it was pretty well guaranteed to do a minimum 700,000 buys (it ended up doing 950,000). Bellator matching and attempting to get a court hearing kept Alvarez off that show, and he went to court again, this time to get his fight with Henderson on the Jon Jones vs. Chael Sonnen show on April 27, 2013, which ended up doing around 550,000 buys, and Alvarez would have earned in the $655,000 to $725,000 range, depending on if he won or lost that fight, plus had he won, hed have been lightweight champion.
Alvarez tried to argue in court that the Bellator offer, on the point of the value of PPV bonus points, as well as the idea Bellator had that appearing on Spike TV was the contractual equivalent of appearing on NBC, was not a matching offer. A judge didn't rule in his favor for a preliminary ruling before the case was finalized. The judge agreed Alvarezs arguments had merit, particularly Spike vs. NBC, and pretty well didnt seem to understand or give as much merit to the PPV argument, but not enough that he would make a ruling without a trial.
Alvarez was going to keep fighting, which led to him selling one of his places to continue funding his suit, until he and Bellator reached a 40 plus page out of court settlement in August.
As part of the settlement, Alvarez agreed to fight twice in Bellator, the first fight in November and the second in the first half of 2015. He would be an unrestricted free agent after the second fight.
Both fights in the contract were supposed to be on PPV, although the first one wasn't due to it being moved to Spike TV due to an injury to headliner Tito Ortiz.
If Alvarez lost the first fight, he would be a free agent. If he won, the contract stipulated the second fight would be a rematch with Chandler. That fight was set for Bellator's PPV in May, but Alvarez suffered a concussion in training and had to pull out. Alvarez has been fully recovered from the concussion for some time and is training at 100 percent capacity. Brooks then beat Chandler on a controversial decision to become interim lightweight champion. Contractually, Alvarez was still to face Chandler, since that name was stipulated in the contract for both fights, even though Alvarez said he was willing to face Brooks.
Coker, who had attempted to make an offer to keep Alvarez, said after the meeting it was clear Alvarez wasn't interested and let him go.
Alvarez, who has a 25-3 record, and was Bellators signature star from the birth of the promotion in 2009 until the signings of Ortiz and Rampage Jackson, is expected to start out in the mix with the top fighters in the division.
Alvarezs only career losses were to Nick Thompson, fighting out of his weight class, Shinya Aoki in Japan, and to Chandler.
Bellator signed him as their signature star in 2009, offering far more than UFC had offered him at the time, for a nine fight contract. He defeated Toby Imada to win Bellators inaugural tournament to become lightweight champion on June 19, 2009, in Sunrise, FL. He lost the title to Chandler on November 19, 2011, also in Sunrise, FL, in one of the greatest fights in MMA history. His contract expired after an October 12, 2012, fight where he beat Patricky Pitbull Freire. When he returned after his settlement, he won a split decision over Chandler to regain the title on November 2, 2013, in Long Beach, CA.
Coker hinted that a Brooks vs. Chandler title match would likely take place in November for the title Alvarez left behind.