The first Monday Night Raw of WWE's "new era" was quite a newsworthy one as the company not only announced the introduction of a new heavyweight championship but also crowned a new champion live on television for the first time in what seems like forever.

Fulfilling the expectations of many, Raw commissioner Stephanie McMahon and general manager Mick Foley announced at the onset of the show that the Raw brand would have its own heavyweight title as the company's primary belt, the WWE World Heavyweight Championship, is currently held by Dean Ambrose and being contested on SmackDown Live.

The WWE Universal Championship -- seriously, that's the name they chose for the new belt -- will be up for grabs next month at SummerSlam. Seth Rollins, Raw's No. 1 pick in last week's brand extension draft, will take on recent NXT call-up Finn Balor, who earned his shot at the belt by winning two matches on Monday's Raw: a fatal fourway and then a singles match with Roman Reigns (who won a second fatal fourway) in the show's main event.

Balor impressed in his debut Monday, but while he stood tall at the end of the show, one of WWE's major titles changed hands earlier in the program.

In a match that most expected would not be held until SummerSlam, Charlotte defended her WWE Women's Championship against fan favorite Sasha Banks. To the surprise of most in attendance and watching at home, Banks earned a clean submission victory over Charlotte, capturing the title for the first time in her career.

Expectations are that a Banks-Charlotte rematch will go down at SummerSlam, which would give the WWE's second-biggest pay-per-view of the year three scheduled matches as it would join Rollins-Balor and Brock Lesnar-Randy Orton.

Lesnar, who has been off WWE programming since WrestleMania and recently returned to mixed martial arts by competing in UFC 200, will make his first televised appearance back inside the squared circle next Monday. Lesnar recently failed MMA drug tests administered by the U.S. Anti-Doping Agency but no suspension has been announced by WWE at this time.

CBS Sports will offer full coverage of SummerSlam, which will be a four-hour show set to begin at 7 p.m. ET on Sunday, Aug. 21 in Brooklyn, New York.