Britney Spears Rejects $10 Million ‘X Factor’ Offer: Report

Gabrielle Chung / March 10, 2012

Britney Gone Wild
See Miss Spears' most risque outfits.
Simon on X-Factor
Simon Cowell chats with Celebuzz about the show!
It looks like Britney Spears won’t be on the judging panel with Simon Cowell anytime soon!

As reported earlier this week, the pop sensation was offered a $10 million contract to act as a mentor on the second season of The X Factor. However, word has gotten out that Britney has reject that hefty sum in hopes of a bigger payday. According to The Wrap, Britney’s camp is charging a $20 million fee for hitmaker to appear on the show.

A source close to Spears claims the songstress is looking at a singing residency in Las Vegas instead.

Britney’s counteroffer is quite the increase compared to former judge Paula Abdul’s paycheck — who reportedly earned $2.5 million for the last season. With FOX’s upfront presentation just around the corner on May 14th, the show’s producers are allegedly scrambling to find a big name celeb to join Cowell and LA Reid at the judges’ table. 

Who do you think should be the new X Factor judge? Sound off in the comments below!