There has been a lot of speculation over the last few weeks with regards to American Idol judge Simon Cowell’s contract renewal. Apparently Simon wanted to give up American Idol this year to setup a global entertainment company with TopShop boss Sir Philip Green, but the shows makers are so desperate to keep Simon on board, that they reportedly offered him $144 to stay on at the show for another year.

Simon Cowell has now spoken out to say that these rumours are not true. “I wish! Come off it,” Simon said. “Its absolute nonsense…. crazy, crazy nonsense. Speculation. Not true. Nothing has been signed. There hasn’t been a deal done,” he told a reporter.

“We’re talking to Fox. We have a very good relationship with them. As to what we’re going to do ongoing over a number of different bits and pieces…. we’ll see… we are having conversations.”

Well, i wouldn’t be surprised if this turned out to be the figure Simon Cowell gets to stay on at American Idol. If the shows host, Ryan Seacrest can get a new $45 million deal, why cant the real star of the show (Simon) triple that? I think Simon is way more valuable, don’t you?