Michael Chandler has become one of Bellator’s biggest and most respected fighters,  and the promotion has apparently rewarded him accordingly. According to multiple reports, the lightweight champion has signed a longterm contract with Bellator, and the promotion’s CEO Bjorn Rebney says it’s made Chandler “one of the highest-paid lightweights in all of MMA.”

Rebney made the comment to MMA Junkie.com while discussing Chandler’s new deal, and also added:

“It’s a minimum of eight fights. It’s got a lot of years left on the deal, so it’s long-term for us and long-term for Mike, but for us that’s just the tip of the iceberg. When you put these deals together, you’ve got to have some uniformity on the number of fights, but our vision for Michael is long, long term. You’re going to see that in what we’re doing from a marketing perspective.”

The 27 year-old Chandler (11-0) has won eight straight bouts now under the Bellator banner, and the noted wrestler is widely considered to be one of the sport’s best lightweights who’s not currently signed to the UFC. So, it’s not surprising to hear that Bellator has apparently handed out some serious cash to lock Chandler up for a few years.

Up next, Chandler will take on Dave “Caveman” Rickels at Bellator’s next card on July 31st.

Stay tuned to Caged Insider.com for all your Bellator news and coverage.