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Jennifer Lopez is reportedly being paid a pretty penny to stay on the American Idol judging panel. Her multi-million dollar contract with the hit Fox singing competition has been raised a reported $8 million.

According to The Wrap, Jennifer’s new American Idol contract is “a smidge over” $20 million.

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The figure marks a big increase from J. Lo’s  $12 million paycheck she received for her debut year on Idol.

Jennifer has also been making headlines for her recent split from husband of seven years, Marc Anthony.

In the September issue of Vanity Fair hitting newsstands this week, Jennifer dished, ”I’m a hopeless romantic and passionate person when it comes to love.”

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And if you think she and Marc left each other on bad terms, think again. Speaking with utmost respect, she stated, ”I will always respect Marc as a singer and performer. We actually work great together, and he was always very supportive. Together we could make magic — and we did. He will always be in our lives. He will always hold a special place in my heart as the father of my children.”

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