Chad Mendes signs eight-fight deal with UFC

Chad Mendes is probably smiling ear to ear after signing a new deal with the UFC

Ed Mulholland/Zuffa LLC/Zuffa LLC via Getty Images

No. 1-ranked featherweight Chad Mendes will be competing in the UFC for quite some time after signing a new eight-fight deal with the promotion Monday.

Mendes was coming up on the end of his current deal with the UFC before entering into negotiations to re-up with the company.

It appears the UFC is committed to Mendes for the long run after inking a new deal that will run for eight fights starting with his next bout in the Octagon.

UFC president Dana White first announced the news on Twitter on Monday.

Mendes is fresh off a first-round drubbing of former title contender Ricardo Lamas in April after pushing featherweight champion Jose Aldo to the limit in their last fight in October 2014.

Mendes is rated as the top contender at 145 pounds as he awaits the outcome of UFC 189 to hopefully book his next fight.

Featherweight champion Jose Aldo fights Conor McGregor in the main event on July 11, and Mendes along with Frankie Edgar, who just won over the weekend, stand as the most viable contenders for a potential title shot.

With the ink barely dry on his new deal, Mendes can now get back to business inside the Octagon as he awaits word on his next fight later this year.