A victorious Alvarez (photo courtesy Bellator)

By FCF Staff

Bellator recently sent a shockwave throughout MMA by announcing that the promotion was ending its legal battle with Eddie Alvarez, and that the former lightweight champ will rematch Michael Chandler on November 2nd. Due to the surprising announcement, which didn’t disclose any terms regarding the settlement and Alvarez’s new deal, there’s been considerable speculation as to what it involved.

As a result, Alvarez and his camp, Authentic Sports Management, have released the following statement from the fighter.

“Recently there has been speculation in the media regarding my settlement with Bellator. The settlement is involved and complicated and contains many contingencies. The terms of the settlement are confidential and neither I, nor my representatives, are going to release these terms to anyone. The speculations, which have been printed, are just that, speculations, and could not possibly be completely accurate as the settlement is over forty (40) pages long. I would suggest that these speculations are helping no one, and respectfully request that they cease immediately. All I want to do is fight.”

When Alvarez steps into the cage to battle the reigning champ Chandler on November 2nd, over a year will have gone by since the 29 year-old last fought. In October, 2012, Alvarez stopped Patricky Freire in the first round, which concluded his previous deal with Bellator.

The UFC proceeded to offer Alvarez a contract after he became a free agent, but Bellator presented the fighter a counter offer. A legal battle then ensued as to whether it in fact matched what ZUFFA was offering, before more recently, the parties came to terms.

The upcoming, November 2nd event will mark Bellator’s first pay-per-view card, and will also feature “Rampage” Jackson taking on fellow, former UFC champ Tito Ortiz.