Sean Smith
March 12, 2009 AT 07:57 AM EDT

Mickey Rourke, who recently scored an Oscar nomination for The Wrestler, has closed his deal to play the villain in Iron Man 2, Variety is reporting. The 56-year-old actor had reportedly been offered only $250,000 to play the role. On Feb. 18, New York magazine reported that the deal seemed to have fallen apart, although sources told EW the next day that it wasn’t necessarily dead yet. Rourke’s agents have since renegotiated his deal, Variety says, but there’s no word on exactly how much he’ll be paid. Rourke will play a Russian character called Whiplash, using elements from another comic book bad guy, Crimson Dynamo.

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