Alvarez issued this statement:
“This was a long process but it’s a decision that everyone seems happy with. I think it’s important to say that I am genuinely thankful for my time at Bellator. I know that sounds a little crazy given everything I went through, but I’ve fought there since 2009, and have been involved in some really amazing fights,” he said.
“The staff there always treated me great, and I’m going to miss seeing a lot of those familiar faces around for sure. Myself and my team had some really good discussions with Scott, but in my heart I knew I was ready to move on and start the next chapter in my career.”
Alvarez is a Bellator Season 1 Lightweight Tournament Winner and a 2 time Bellator Lightweight Champion. He has 14 knockouts, 7 submissions and 4 decisions. Prior to losing to Chandler in their first fight back in 2011, he was on a seven fight winning streak. After the first fight with Chandler, he beat Shinya Aoki and then Patrick Freire to go on to face Chandler for a second time. He beat Chandler in November of 2013 via Split decision.
The UFC is expected to give him an offer very soon.