Thursday, May 26, 2011

How much money Scotty McCreery & Lauren Alaina make?

It seems to be what many wonder nowadays?  Do Idols get paid?  And if so, how much money do they get paid?

So how much are Scotty and Lauren Alaina taking home from their Idol run?

Scotty McCreery, a winning American Idol, will get majority of the pay.  His winning recording contract will pay him $250K. But he will also get many other posh perks such as first class travel, hotel accommodations for him and his parents.  

And since he's a minor, certain allowances have been put in place for his best interest: Idol must deduct 15 percent of his earnings until he's 18 and place that money in a trust for the singer; his parents, Judith and Michael McCreery, were named custodians of it. The contract also states that McCreery signed an exclusive deal with 19 Records and that, among his other obligations, he must participate in an Idol-themed stage show with Disney Hollywood Studios and go on the now-standard post-season American Idol tour.
As for Aliana, the teen will take home a little less than a third of McCreery's pay, as the second-place spoils total up to $87,500. However—and here's the good news for Lauren and her accountants—that figure could double up to a not-too-shabby $175,000 if when she actually records an album.

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