In the midst of Abdul's exit reports are now surfacing that indicate Simon Cowell should be on "American Idol" for at least three more seasons.
CKX chairman and CEO Robert Sillerman indicated at the second-quarter earnings call of CKX, parent company of "Idol", that Cowell is finalizing a deal with Fox to return to "Idol" under a new contract.
Season 9 is Cowell's last year under his current contract and Simon has indicated publicly that he might not return to the show.
"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."
While the financial details weren't released Reuters says Cowell is set to bring in $45 million a year with the new contract, up from $36 million a year under his current contract.
Fox declined comment Monday.
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