The ongoing drama between Eddie Alvarez and Bellator got a bit more interesting after the UFC’s contract offer was revealed. The UFC’s offer indicated the Las Vegas-based promotion’s plan to feature the former Bellator lightweight champion in a lightweight title fight with UFC champion Benson Henderson as soon as March. The exhibit, obtained by MMAJunkie, also confirmed that Bellator literally offered the same contract back to talented lightweight.
“An eight-fight deal would start Alvarez at $70,000 to show and $70,000 to win and raises in $5,000 increments with each win until it tops out at a guaranteed $210,000 for a win, the exhibit states. Alvarez would also be guaranteed a $250,000 signing bonus, payable in two installments of $85,000 and one of $80,000.
When Alvarez fights on a UFC PPV broadcast, the offer states it entitles him to $1 for each “buy” between 200,000 and 400,000 buys, $2 per buy between 400,000 and 600,000 buys, and $2.50 per buy over 600,000 buys.
Additionally, Alvarez is guaranteed a fight on a UFC on FOX card and three appearances as a commentator at UFC-branded events.
The exhibit confirms a previous claim from Bellator CEO Bjorn Rebney that his promotion merely changed window dressings on the UFC’s offer. Mentions of UFC parent company Zuffa are simply crossed out and replaced with Bellator.
It also shows Bellator offered three additional bonuses to Alvarez when Bellator decided to match the UFC’s offer. Included was a $25,000 payout for participating in a behind-the-scenes show filmed by Bellator broadcast partner Spike TV, a $100,000 payout for a head coach position on the second season of Bellator’s reality show, and a guest host spot on Spike TV’s ‘Road to the Championship’ program.
And Alvarez stood to receive a $250,000 signing bonus upon re-upping with Bellator.”
While Bellator offered the same deal to Alvarez, the point of contention lies with the value of the contract with both promotions. Bellator maintains their contract is of equal monetary value to the UFC’s offer, while Alvarez’s legal team disputes this.
A major point of contention is the UFC’s contract language in the deal, which stated that both the PPV bonuses and title shot were “intended” and not “guaranteed.” Bellator argues their deal only has to match the guaranteed money featured in the deal, since there is no Bellator equivalent to PPV and also no way to project the exact value of said bonuses.
In contract issues involving “Right of First Refusal,” the holding party (Bellator) only has to match the value of the third party’s (UFC) offer, in order to secure Alvarez’s services. If Bellator is able to prove their contract is of equal value to the UFC’s offer, then Alvarez will remain with Bellator in lieu of some form of settlement. However, if Bellator’s deal is found to not be equal to the UFC’s deal, then Alvarez would be able to choose whichever promotion he preferred.
The reality of this situation is that it is in both parties (Alvarez’s and Bellator’s) best interests to stay out of the courts by reaching a settlement rather than heading to the court system and risking a long drawn out process that does not benefit anyone. The UFC, and parent company Zuffa LLC., would also prefer this case to remain out of the court system as well, since the case would possibly require the extremely private promotion to reveal internal data in open court and also due to their obvious desire to see Eddie Alvarez in the Octagon sooner rather than later.
Stay tuned to MMAFrenzy for more on this developing story.