Combs Offers To Take Idol Pay Cut

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June 18, 2010 | 7:40am EST

Sean ‘Diddy’ Combs has issued a fresh plea to American Idol bosses to hire him as a replacement for Simon Cowell – he’s offered to take a five per cent pay cut on the music mogul’s massive salary.
The hip-hop star has previously insisted he is the perfect choice to take over from the outspoken Brit, now he has quit his role on the show’s judging panel to bring his U.K. talent show The X Factor Stateside.

And Combs is now talking money, revealing he would gladly accept a reduced pay packet to join the series.

He tells Britain’s GMTV, “As a matter of fact I have a new negotiation, I would take a five per cent cut on what he was getting. He was on something like $34 million, and that’s peanuts.”