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INGLEWOOD, CA - SEPTEMBER 22: Host Ryan Seacrest appears onstage at a press conference to officially announce the season 10 'American Idol' judges panel at The Forum on September 22, 2010 in Inglewood, California. (Photo by Kevin Winter/Getty Images)
The deal also includes the daily talk show Seacrest currently hosts on KIIS-FM in Los Angeles, and would allow Seacrest to start his own record label, music publishing business and live concert series, according to the Times.
Seacrest's expiring deal paid just under $12 million per year. He also makes $12.5 million per year from "Idol," according to The Washington Post, and has a reported $21 million deal with E!