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May 10, 2012 by · Leave a Comment 

Britney Spears has signed a one-year, $15-million contract to join the judging panel on Simon Cowell’s The X Factor, E! News reported on Wednesday citing an unnamed source close to the star. “The contract is signed,” the source told the entertainment cable/online entertainment outlet. “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. … This is the perfect next stage in her career. Both Britney and Simon are very excited to work together.” Spears joins a panel that now includes Cowell and record producer L.A. Reid. E! said that a fourth judge is likely to be announced when Fox unveils its fall schedule on Monday.