Alvarez Contract Details Emerge; UFC Offers Quick Title Shot & PPV Cut
The battle for Eddie Alvarez continues. The UFC and Bellator have continued to feud over who will sign the 28-year-old lightweight standout and former Bellator champion, and this time we have the contractual numbers to compare the two promotions offers.
Although both are indeed very similar (almost identical according to Bellator President Bjorn Rebney) and will make Mr. Alvarez a very rich man, the appeal that the UFC contract offers is much stronger in many areas, including a quick title shot, according to an exhibit in a lawsuit Bellator MMA filed against Alvarez just a few days ago. The exhibit was obtained by the media late last night.
The UFC contract proposed to Alvarez outlines the promotion’s intent to give him an immediate title shot in March against lightweight champion Benson Henderson and on top of that offers him a cut of the company’s pay-per-view profits. This alone would coax most fighters to sign the dotted line and enter into the biggest promotion on the planet (UFC), but it gets even better from here…
The contract explained that when Alvarez fights on a UFC PPV broadcast he will be given $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. Not too shabby for a fighter that has never stepped foot inside the UFC octagon. But the perks don’t stop there…
The eight-fight deal also states that Alvarez would start at $70,000 just to fight with another $70,000 forked over for a win. From there the contact raises in $5,000 increments with each win Alvarez obtains inside the octagon. The money will continue to go up until it tops out at a guaranteed $210,000 for a win. Alvarez would also be guaranteed a $250,000 signing bonus, which he would receive in two installments of $85,000 and one of $80,000. And that’s not all!
The UFC has also thrown Alvarez a guaranteed fight on a UFC on FOX card and three appearances as a commentator at UFC events. Seems almost too good to be true, right?
Well, scenarios like this never go down without kinks.
The court exhibit contracts also confirm that Bellator CEO Bjorn Rebney has offered almost the exact same contract to Alvarez but merely switched the “Zuffa” name on the contract with “Bellator MMA”. It also shows Bellator offered three additional bonuses to Alvarez when they decided to match the UFC’s offer: 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 coaching job on the second season of Bellator’s reality show, and a guest host spot on Spike TV’s “Road to the Championship” program…and on top of it all, Alvarez would receive a $250,000 signing bonus upon renewing his ties with Rebney and the Bellator promotion.
As much as Bellator would like to think that these contracts are the same, they are clearly not. The fame and limelight that comes with fighting in the UFC, let alone for a title, is matched by no one. The money may be the same but the pride, fame, and status that comes along with being a part of the UFC is untouchable. Alvarez may be one of the best fighters on the planet, but until he fights in the UFC he’ll never be able to prove it. His world rankings, popularity, and future in the sport rely on his signing with the UFC. Although Bellator may like the think the contracts are the same, they are clearly not. And because Bellator and Alvarez disagree on the values of these contracts they’ve taken their cases to the court of public opinion. And before they did that, they sued each other.
It’s nice to know that Bellator sees the value in Alvarez but the fire power possessed by the UFC may be too much to handle. When these negotiations first began UFC President Dana White stated that this process could get very ugly…and he wasn’t lying. Now we just have to wait for the courts to get involved (which never really seems to speed anything up) and from there we’ll find out where Alvarez is going to sign for the next chapter of his career.
For more coverage and updates regarding Alvarez stay glued to BJPenn.com
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