Simoncowell_americanidol_290 There is one year left on Simon Cowell’s “American Idol” contract and it looks like he is in the stages of finalizing a two-year extension.

Sources say he’ll be going from $36 million a year to $45 million a year, which is not that far off from the rumors he pooh-poohed not too long ago. We reported that he was in the works to make between $100 million and $145 million to stick around for three more years. Well, he’s doing two more years (past his already-set contract) at $45 million, which is $90 million. If he signed on for a third year after that at the same rate, he’d be at $135 million, so the $100-$145 million range was pretty close.

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Posted by:Andrea Reiher

TV critic by way of law school, Andrea Reiher enjoys everything from highbrow drama to clever comedy to the best reality TV has to offer. Her TV heroes include CJ Cregg, Spencer Hastings, Diane Lockhart, Juliet O'Hara and Buffy Summers. TV words to live by: "I'm a slayer, ask me how."