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Britney Spears Super Close to Making Record-Breaking 'X Factor' Deal

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Apr. 11 2012, Published 7:13 a.m. ET

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After weeks of negotiation (and media speculation), E! News is reporting that Britney Spears is very, very close to becoming the newest X Factor judge — for a whopping $15 million. That will make Britney the highest-paid reality competition judge on television! Sorry about your measly $12 million, J.Lo.

OK! NEWS: BRITNEY SPEARS' X FACTOR COMEBACK

"All they need to do now is work out the smaller points," an insider told E! News. "The fact that the money is now set means that there is nothing stopping this from becoming a reality."

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Although a rep for the show declined to comment, a production insider told E! News, "This is an exciting time for Britney. It will be a fun project and she is welcoming the chance to mentor up-and-coming artists. She loves the idea of helping emerging talent get the recognition they deserve and is really looking forward to being on the show."

Aww!

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We love the idea of Britney joining The X Factor, especially since she made her television debut on a similar show, Star Search, at age 11. And she lost! What the what?

Oh well, Brit is definitely winning now! And so is her fiancé, Jason Trawick — a second source tells E! News that Jason is expected to become a producer on the show. "He is her rock and will help guide her through the process," the source says.

There is no word yet on who will sit alongside Britney, Simon Cowell and L.A. Reid, but this is a great start to filling the panel! After all, an X factor is defined as "a circumstance, quality or person that has a strong but unpredictable influence" — who fits that description better than Britney?!

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