Jennifer Lopez Signs $12 Million 'American Idol' Deal

Jennifer Lopez has officially signed a one year contract with FOX and will appear as an American Idol judge for Season 10.  The deal is worth a cool $12 million.

She will join Randy Jackson and Steven Tyler when AI auditions get underway in October.  Kara DioGuardi got the boot and Ellen DeGeneres stepped down after Season 9 - details here.

Rumors have been running high since July.  Several media outlets suggested that negotiations with Jennifer had stalled because of her "diva demands", something that FOX has vehemently denied.

J-Lo reportedly hoped to broker a guaranteed movie or TV pilot as part of a $15 million package deal but sources indicate that did not happen.

The premiere of American Idol Season 10 kicks off January 12, 2011 on FOX.

Welcome to the AI block Jenny.