Free agent Eddie Alvarez is very close to agreeing to a new multi-fight contract with ONE Championship, multiple sources told ESPN. This would be the biggest FA signing in ONE history.— Ariel Helwani (@arielhelwani) October 13, 2018
One of the most prized free agents in the sport may be about to finalize his next step, as former Ultimate Fighting Championship and Bellator MMA lightweight champion Eddie Alvarez is reportedly close to signing with One Championship.
ESPN’s Ariel Helwani made the announcement in a tweet Saturday, citing multiple unnamed sources and asserting that if true, "The Underground King" would be the most significant signing in the history of the Singapore-based promotion.
Being a high-profile free agent is familiar ground to Alvarez, as he was the subject of a contentious bidding war five years ago, when he vacated his Bellator lightweight title to sign with the UFC. The 34 year-old Philadelphia native remains the only fighter to win titles in both organizations.
Alvarez fought most recently in July at UFC on Fox 30, where he lost to Dustin Poirier by second-round knockout in a wild back-and-forth affair.