Britney Spears has officially signed on to become a new judge on Simon Cowell's X-Factor, officially inking a deal, E! News has reported.
"The contract is signed," a source close to Spears told E! News. "There's been a lot of back and forth over the past few weeks as they negotiated the small details, but she's on. It's all completed and Britney is beyond excited. She's ready for this."
"She can't wait to sit down next to Simon at the judges' table and give this everything she's got. She is excited about showing the world that she can do this, and do this well. This is the perfect next stage in her career. Both Britney and Simon are very excited to work together."
Rumors persist that Spears will earn $15 million after signing her contract, making her the highest paid reality TV judge since Jennifer Lopez on American Idol.
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