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Britney Spears will in fact be a judge on The X Factor this fall, sources have confirmed. The partnership was all but certain weeks ago, but now it’s official. After months of eight-figure negotiations, the star has finally signed her contract to join Simon Cowell and L.A. Reid as a judge on the Fox series. Spears will get $15 million for one season of work. She had agreed in principle to the deal weeks ago and had spent the last few days working out the fine print, which has finally been ironed out. “The contract is signed ,” reveals a source close to her. “There’s been a lot of back and forth over the past few weeks, but she’s on. It’s all completed.” “She’s ready for this,” the insider continues. “She can’t wait to sit down next to Simon at the judges’ table and give this everything she’s got.” Britney “is beyond excited about showing the world that she can do this, and do this well. This is the perfect next stage in her career.” Cowell blew up the cast at the end of its inaugural season, keeping Reid but firing judges Paula Abdul, Nicole Scherzinger and host Steve Jones. With Britney on board, Miley Cyrus and Demi Lovato have both been rumored for the final spot on the panel, with Lovato the favorite . Will Britney make a good X Factor judge? What about Demi?

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Britney Spears Joins The X Factor: It’s Official!