Simon Cowell Turned Down $100M Offer From Idol

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Every time Simon Cowell‘s American Idol contract comes up, we still marvel at the figures. Today, we’re marveling at the amount of money he actually turned down in order to depart the famous show. Reports that surfaced today have hinted that Cowell was offered an additional $100 million to stay with the franchise, but he opted out in order to work on his X-Factor series instead.

In other X-Factor news, there’s been a lot of chatter about what other music powerhouses Cowell will convince to join him on the show. Rumor has it Cowell has been considering Cheryl Cole, his UK co-judge, to join him for the U.S. version of the show. He’s also been considering Tommy Mottola – the head of Sony music and former Mr. Mariah Carey – to be a judge as well. And then of course there’s the rumor that he plans to bring Paula Abdul on board ever since Cowell was recently quoted as saying “It was always my intention in one way or another to carry on working with her.” The more we hear about this series’ progress, the more excited we’re getting. We wonder if Idol and X-Factor can co-exist peacefully, or if this will be the beginning of the end of Ryan Seacrest and Co.  [Photo: Getty Images]