ONE Championship has signed Eddie Alvarez to a contract making the former UFC and Bellator lightweight to the Asia-based company. According to the promotion’s press release, it’s a multiple bout contract. Terms of the deal were not disclosed.
Please join me in welcoming Eddie Alvarez to @ONEChampionship! I am super excited for our fans to witness Eddie’s high octane, explosive dynamite KO style. Stay tuned for more big news! @Ealvarezfight pic.twitter.com/bM3K0COlie
— Chatri Sityodtong (@YODCHATRI) October 16, 2018
Payout Perspective:
The signing is a coup for ONE Championship who may seek to extend its reach to North America. Thus far, the company has grown exponentially since its start in the early 2010s. It has Ben Askren and former UFC star Brandon Vera on its roster as well as several top fighters in Asia. Alvarez joining the promotion should bolster fans of Alvarez in the U.S. which may, in turn, mean a foray into North America.
At 34, its probably the best possible deal for Alvarez. He’s nearing the end of his peak earning as an MMA fighter and ONE is likely paying him much more than the UFC or Bellator would offer. This may serve as an option for other fighters that may be nearing the end of their deal in the UFC or Bellator that there are other options in the industry.
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