It appears things might get worse before they get better in the ongoing contract negotiation between Bellator Fighting Championships and former titleholder Eddie Alvarez.

Alvarez finished out the final fight on his Bellator contract in October, but while he was able to negotiate with other promotions, Bellator still had the option to match terms and try to re-sign him.

The Philadelphia based fighter did indeed receive a contract offer from the UFC not long ago, and days later Bellator opted to match it.

“I’ve got wild respect for Ed. In our contract with Ed, exactly like the UFC has in their contracts, we have the right to match. Ed went out and got an offer from the UFC, and we took a look at that offer, reviewed it for about eight days, and decided to match it dollar for dollar, deal point for deal point, term for term,” Bellator CEO Bjorn Rebney told MMAWeekly Radio on Monday.

“We matched every single element of it, word for word.”

Rebney went on to explain how the matching rights work, something they had the option with not long ago when former middleweight champion Hector Lombard finished out his contract with the promotion and ultimately signed with the UFC.

“The way that the matching rights work under our agreement, and the UFC agreements work, the good way to look at it is looking at the Ed situation and the Hector situation. In Hector’s situation, just like Ed’s, he had an ability to go out and get an offer from the UFC. When that offer comes back, we have to make a decision – we can either match it dollar for dollar, deal point for deal point, offer for offer, term for term, or we cannot,” Rebney explained.

“If we say we match that means everything Ed or Hector were guaranteed in the UFC deal, they have to be provided in the Bellator deal. So if it’s guaranteed in their deal, it has to be guaranteed in our deal. In the Hector deal, we took a look at it and made a business decision and said we don’t think we can monetize that situation; we don’t think it’s the best move for the company. In the Ed situation, we looked at it in a different way.”

Alvarez has been with Bellator for almost four years and fought a total of nine times over his tenure with the promotion. He was also their first ever lightweight champion and held the title until November 2011 when he was defeated by current titleholder Michael Chandler.

As Bellator moves to Spike TV this year, Rebney hoped to have Alvarez as a cornerstone with their organization, and even hinted at the possibility of doing a rematch with Michael Chandler at some point in the future if they came to terms on a contract.

According to Rebney, for now, the ball is in Alvarez’s court on signing the deal he says they matched dollar for dollar and guarantee for guarantee with the UFC’s offer.

“At this point, it’s been matched. We’ve submitted the matched contract, which is what we’re required to do under our agreement with Ed, to Ed, and we’ll see what happens from here. My hope against hope is that it is an amicable situation that works well and Ed ends up back in our cage in short order, and there’s some incredible fights out there for him,” said Rebney.

“It literally just comes down to you look at the contract and you say ‘yes, I will give you every single thing that is guaranteed in that contract you got for the UFC.’ That’s what we’ve done.”

Rebney says he’s not sure how long this situation could draw out. Alvarez disputed Bellator’s matching terms during an interview on Monday, and later said via Twitter that he believes the matching rights are for one year. He did comment further answering that he would be willing to fight for Bellator again saying, “I’m okay with that, just want things to be fair.”

“We matched the deal, and literally just signed it and sent it to him. Because that’s what our contract requires us to do, we matched it and sent it to him signed. So if he were to send it back signed, we’d be off and running and we could start looking at scheduling; we could start figuring out what’s next immediately,” said Rebney.

“If he chooses not to sign it, it depends on where it goes from there. There’s a lot of different paths that can be followed from that point forward. My hope is I’ve had a great relationship with Ed for four years, he’s going to make a lot of money with Bellator coming up, and we’ll see where this goes from here.”

Listen to Bjorn Rebney’s full interview on Monday’s edition of MMAWeekly Radio.

view original article >>

Report here if this news is invalid.

Related News

Lance Palmer Discusses Why He Lost His Title, and Isn't Leaving Team Alpha Male

  • 26 days ago
  • 8 views

Things are a lot sunnier in Lance Palmer Land now than they were four months ago. December 18 wasn’t exactly a banner day for The Party. He came out flat and stayed that way, losing his World Series read news >>

UFC 200 Promo Tour Embedded, Episode 2: ‘I Can’t Stand You’

  • 26 days ago
  • 245 views

Things continue to go off the rails between Jon Jones and Daniel Cormier, even on the set of Good Morning America. read news >>

Rafael dos Anjos Not Shying Away from Conor McGregor, but is Focused on Eddie Alvarez

  • 15 days ago
  • 34 views

UFC lightweight champion Rafael dos Anjos enters his fight camp in Singapore, not shying away from Conor McGregor, but he is laser-focused on Eddie Alvarez. read news >>

Record-Setting Crowd Expected to Attended UFC 198 Weigh-In in Brazil

  • 13 days ago
  • 9 views

UFC 198: Werdum vs. Miocic sold out in a single day. The official weigh-in is expected to set the combat sports record for attendance at a weigh-in. read news >>

Newly Crowned ONE Atomweight Champ Angela Lee Signs Huge New Contract

  • 13 days ago
  • 18 views

Earlier in May, Angela Lee won the inaugural ONE women’s atomweight title. On Thursday, it was announced the 19-year-old had signed a bumper new pay deal. read news >>

Bellator Cuts Lightweight Champ Will Brooks, Strips Heavyweight Champion Vitaly Minakov

  • 11 days ago
  • 276 views

Bellator MMA on Saturday released disgruntled lightweight champion Will Brooks from his contract and stripped the heavyweight belt from Vitaly Minakov. read news >>

Demetrious Johnson, UFC Agree on New Contract: Details, Comments, Reaction

  • 9 days ago
  • 62 views

Flyweight champion Demetrious Johnson has agreed to a new eight-fight contract with UFC, ensuring he'll continue his dominant title run with the company. As shared by Ariel Helwani of MMAFighting.com read news >>

Demetrious Johnson, UFC Agree on New Contract: Details, Comments, Reaction

  • 9 days ago
  • 4 views

Flyweight champion Demetrious Johnson has agreed to a new eight-fight contract with UFC, ensuring he'll continue his dominant title run with the company. As shared by Ariel Helwani of MMAFighting.com read news >>