Jennifer Lopez Signs $12 Million 'American Idol' Contract, Says Latest Casting Rumor

The rumors about who will be on the American Idol casting bench next season continue. Everyone from Steven Tyler to Elton John to Justin Timberlake has been mentioned as potential replacements after former judges Simon Cowell, Ellen DeGeneres, and (maybe) Kara DioGuardi step down. Now, reports say Jennifer Lopez--who was rumored to be the new judge at the end of July, before negotiations fell through--has signed a one year, $12 million contract with the hit show:

A month after the singer-actress's initial deal with American Idol fell apart -- thanks, in part, to demands that had gotten "out of hand," according to a source -- Lopez will after all be joining the judging panel for the show's upcoming 10th season, sources tell PEOPLE.

Presumably this means Lopez won't be available to replace Steve Carell when he leaves The Office. Too bad.

Read the full story at People.