Update 2: Mike "The Situation" Sorrentino has agreed to a new contract.
Update: new contracts close, plus lots more detail (they're looking to get an increase from $10,000/episode to $30,000/episode.
After holding out for more money for a second season of Jersey Shore, and getting it, the cast of Jersey Shore is reportedly thinking it wasn't enough money after all and is on strike to get more money for the third season of the show..
TMZ's sources say the the cast thinks they can make more money doing appearances for the next two months than doing the show.
There are a few ways to look at it, but for now I just look at it as yet even more controversy and free PR for MTV when it comes to Jersey Shore.