Eddie Alvarez released by Bellator, but they still hold matching rights
IMO this isn't just Bellator news since there is probably atleast a 75% chance that Eddie is in the UFC next.
Source is BE.
"That's not really up to me. I'm in between with my management and promotions. Bjorn Rebney was gracious enough to give us our release papers early, earlier than what we were contractually to get, he gave it to us Friday. So we're going to try to move it along as fast as possible for myself and for Bellator. We'll see. Nothing's set in stone and I'm just waiting to see what happens, letting the management and letting the promotions do their job now."