Rebney: We didn't alter a word in matching Alvarez UFC offer

 

In October, Eddie Alvarez completed his contracted fights with Bellator. In December, the UFC made him an offer:
•A $250,000 signing bonus;
•A $70,000 fight purse with a $70,000 win bonus for his first fight:
•Salaries escalating over the life of the deal;
•Ccontract was to cover a span of 40 months or eight fights, whichever occurred earlier.

However, Bellator exercised their option to match the offer.

Alvarez appeared recently on The MMA Hour recently and said contract negotiations with Bellator had gone off a cliff - he was being sued.

In an interview with MMAFIghting's Mike Chiapetta, Rebney explained his reasoning.

"I will tell you point blank, no questions asked, we matched it dollar for dollar, term for term and section for section," Rebney said. "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."

Then how can it be that such a discrepancy between the two sides would arise? As far as Rebney can tell, Alvarez's issue comes from the projected dollar figures he could earn from the UFC's pay-per-view bonus structure.

"Could" is the operative word there, as according to Rebney, that pay-per-view money in the UFC offer to Alvarez is nothing more than a hypothetical.

"There is no guaranteed pay-per-view in the UFC offer to Eddie Alvarez," he says emphatically. "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."

Despite that, Rebney said that Alvarez's pay-per-view stake was matched anyway, under the belief that Bellator could move into the pay-per-view market with the right fight, for example, a rematch of the notable 2011 bout between Alvarez and Michael Chandler.

"We have a quarter-of-a-million dollar check sitting and waiting to be sent to Ed and are ready to be scheduling bouts immediately," Rebney said.

"Ed and I have four years of a good working relationship and about 30 days of not a good relationship. When you weigh those factors out, there's a very high likelihood we could shake hands and get past it with a fair amount of ease. Ed's in business and as you can see from the numbers, it can be a very lucrative business. I know I can shove off and move forward, put things back in line in short order. I hope Ed can do the same. It may be a long, drawn out fight between the two or something that can be settled relatively quickly. We'll see."

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tags: Bellator   Bjorn Rebney   Eddie Alvarez   



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Recent Comments »

myrites site profile image  

1/8/13 7:49 PM by myrites

tt

Mdson site profile image  

1/8/13 7:47 PM by Mdson

Thank you! VTFU

Neil Funk site profile image  

1/8/13 7:44 PM by Neil Funk

Correct me if I am wrong here...Isn't the Bellator "right-to-match" clause a part of the initial fight contract that Eddie Alvarez signed to become a fighter under the Bellator banner?If so, doesn't that mean that Eddie is in the wrong here? He signed the initial deal, he should have to honor that agreement. If he was just desperate to get into the organization and didn't read his own contract, that shouldn't be Bjorn's problem. Bjorn has a business to run.It isn't like Bellator wants to shelve Eddie to be a dick, they want him to be a cornerstone of their roster. I don't see why Bjorn is getting attacked for this. He's just expecting the fighter to honor the contract he signed. I've always been a "fighter first" guy here on these forums, but it seems like Bjorn is in the right here, and Eddie is crying because he made what is appearing to be a bad decision.Looks like Eddie didn't read the contract that he signed. That would probably be a good idea next time.

stonepony site profile image  

1/8/13 7:09 PM by stonepony

Seems like the only argument offered so far is that it's not technically a guarantee that the UFC will do better PPV numbers than Bellator...

ntcdef site profile image  

1/8/13 3:37 PM by ntcdef

let him go dirt ball  

Orcus Knows MMA Better Than Goku site profile image  

1/8/13 1:04 PM by Orcus Knows MMA Better Than Goku

http://www.mixedmartialarts.com/mma.cfm?go=forum_framed.posts&forum=1&thread=2114150&page=1&pc=7

Mdson site profile image  

1/8/13 1:01 PM by Mdson

I haven't read all the pages, but is there any actual lawyers here that can give their views on this shit? Everybody got their opinions, which aren't necessarily related to facts. I would love to read from someone who has knowledge on these type of issues.

Garv site profile image  

1/8/13 12:26 PM by Garv

This is going to be resolved with Eddie and Bellator.  Right now it's posturing on both sides, but I believe it will get done. The lesson here for young fighters is that it's better to go to Bellator first.  No way Eddie would be in a position to walk away from a 250k signing bonus if he'd signed with the UFC first.  Very smart businessman, is Eddie Alvarez.