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Britney Spears Reportedly Signs 'X Factor' Deal

If reports are to be believed, Britney Spears (photosBritney Spears photos) has officially signed on to join 'The X Factor'.

Spears signed on the dotted line this week, according to an inside source with E! News, after months of negotiations that began with a $10 million offer in March.

The 31-year-old singer will receive $15 million for her first season as a judge on the show.

"The contract is signed," says the source. "There's been a lot of back and forth over the past few weeks as they negotiated the small details, but she's on. It's all completed and Britney is beyond excited."

"She's ready for this. She can't wait to sit down next to Simon at the judges' table and give this everything she's got. She is excited about showing the world that she can do this, and do this well. This is the perfect next stage in her career."

While high, Britney Spears' salary will be paid in line with Jennifer Lopez (photosJennifer Lopez photos)'s salary on 'Idol' but noticeably lower than Christina Aguilera (photosChristina Aguilera photos)'s $25 million. Her fiance, agent Jason Trawick, negotiated the contract.

Simon Cowell shook up the show's cast at the end of its debut season, firing judges Paula Abdul and Nicole Scherzinger (photosNicole Scherzinger photos) and host Steve Jones.

May 10, 2012 |

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