Simon Cowell nearing extension for American Idol
Cowell, heading into the final year of his current “Idol” contract, hinted in the spring that he might leave the show at the end of his deal. But early in the summer, he entered negotiations with Fox for a new pact.
“We’ve heard from Fox, who has asked us for approval for Simon Cowell to appear for three more years on ‘Idol,’ ” Sillerman said. “They, in their negotiations with Cowell, have asked us to pre-approve him not only for ‘American Idol’ ’09, which has begun taping, but they have also asked us for approval for ’10 and ’11, indicating to us that they’re finishing their negotiation with Cowell. We did grant approval for that quite obviously.”
Sillerman didn’t mention any financials of Cowell’s deal with Fox, but the uber-judge reportedly is poised to earn $45 million under the new pact, up from $36 million a year under his current contract.