Nearly three weeks into 2013, you are all familiar with the ongoing legal battle between Eddie Alvarez and Bellator Fighting Championships. However, if you have somehow missed the chatter surrounding one of the highest ranked lightweights not in the UFC, here are the cliff notes:

Alvarez completed the final fight on his Bellator contract in November

contract in November Bellator has a 90-day matching clause in their contract

has a 90-day matching clause in their contract The UFC made Alvarez a sizable offer, which he wants to accept

Bellator sent over an offer, which they feel matches the UFC's

sent over an offer, which they feel matches the UFC's Alvarez claims that the offer does not match

Bellator is suing Alvarez

is suing Alvarez Alvarez is also suing Bellator

Now that we are caught up, some new light has been shed on the situation, thanks to Kevin Iole (via Yahoo! Sports).

Alvarez will stand before federal Judge Jose L. Linares on Jan. 25 seeking an injunction that would allow him to fight on the UFC 159 card. According to the contract offered by the UFC, Alvarez needs to give them a formal answer by Jan. 27 in order to properly promote his appearance.

The fight would serve as the co-main event on a hotly anticipated PPV that is headlined by a light heavyweight title fight between Jon Jones and Chael Sonnen. With Alvarez being offered a bonus based on PPV buyrates, being featured on a card of this magnitude would garner him a major payday.

It offered to give Alvarez $1 per buy between 200,000 and 400,000 buys. That would go up to $2 per buy between 400,000 and 600,000 and $2.50 for each buy over 600,000.

If Jones vs. Sonnen draws somewhere in the ballpark of 700,000 buys, Alvarez would be entitled to a bonus of $850,000 on top of his $70,000 show money and $70,000 win bonus.

With the bonus scale offered by the UFC, it is clear to see why Bellator's offer cannot possibly be a match. Bellator airs their events on SPIKE, so there are no PPV proceeds that Alvarez could earn.

With the injunction one week away, there is some light at the end of the tunnel for Alvarez, who has been stuck in limbo for the last month.

If the judge agrees with Alvarez, he will compete on the April 27 card. Which lightweight should he face? Tell us what you think in the comments below.