Simon Cowell Renews Idol Contract for Chump Change


Two months ago, it was reported, erroneously apparently, that Simon Cowell had been offered an incredible $100 million to $144 million per year to renew his American Idol contract. Today, though, The Hollywood Reporter says he's just now closing a three-season deal for a measly $45 million per year (up from the meager $36 million he was paid under his old contract). We bet he could do better at Dancing With the Stars.

Simon Cowell finalizing 'Idol' deal [HR]