Britney Spears teaming up with Simon Cowell on 'X Factor'

LOS ANGELES - Another big name is reportedly headed to the hit reality show "X Factor." Britney Spears is teaming up with Simon Cowell and L.A. Reid on "X Factor."

E! News and Radar Online, citing multiple sources familiar with negotiations, said a deal has been reached for Spears to get $15 million for the judging role.

Now it's a matter of working out the finer details of the agreement.

While the firing of "X Factor" host Steve Jones and judge Nicole Scherzinger wasn't a surprise, letting go of Paula Abdul earlier this year was a shocker to many.

Auditions for the show are under way. Follow this link to sign up: