Britney Spears Finalizing $15 Million ‘X-Factor’ Deal

There has been so much speculation into whether Britney Spears will be a judge the sophomore season of “X-Factor.” Now there reports showing that the pop star is in the final stages of the deal that will have her sitting next to Simon Cowell and L.A. Reid!

The debut season of Simon Cowell’s singing reality show ended with the letting go of two of the four judges. Nicole Scherzinger, who reportedly pulled in $1.5 million and Paula Abdul, who netted $2.5 million. The host, U.K. television personality Steve Jones, was also let go.

The remaining judges Simon Cowell and L.A. Reid will be joined by Spears, if her contract negotiations go through and maybe one more judge. Earlier this year, rumors of Mariah Carey and Beyonce joining the panel circulated, but were quickly shot down by Cowell.

The legal teams are just sorting out the fine points. An official announcement is expected in the next week.