I think it went something like this:
1) Morgoth was the first antagonist
2) After he went down, Sauron took his place
3) When Sauron created the Ring, so much of his own evil went into the Ring that the Ring became much more powerful than Sauron himself, and became capable of doing evil on its own, but still 'wanted' to return to its master, Sauron (sort of a weird, mirror image of Sam's becoming able to make his own decisions, but prefering to be with Frodo).
My two bits. [img]smilies/smile.gif[/img]
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