08/25/2012 03:28 pm ET

Katy Perry 'American Idol' Offer: Singer Turned Down $20 Million Contract (REPORT)

Not many people are in the position to pass on a multimillion dollar, one-year job offer, but it looks like Katy Perry doesn't have that problem. The "Wide Awake" singer was offered $20 million to be an "American Idol" judge, but turned it down, TMZ reports.

According to sources, Perry, whose professional and personal life have been in the spotlight recently, was courted by "Idol" producers for the gig for quite some time. She was reportedly first offered $18 million for a one-year contract, with that number jumping up to $20 million. Still, she's not biting.

"She was being hotly pursued," a source also told Us Weekly about Perry's "Idol" offer. "They really wanted her."

However, it's not all that surprising that Perry is passing on the gig. She talked about joining "Idol" with The Hollywood Reporter in July, saying, "People have reached out to me about the possibility of being involved, and it's not right for me yet."

"American Idol," which lost both Jennifer Lopez and Steven Tyler after last season, has been busy trying to rebuild its judging table with some A-List names, perhaps to compete with "The X Factor" and "The Voice." So far, only Mariah Carey has signed on for next season, and will reportedly bring in around $18 million. (We bet she won't be happy to hear Perry's reported $20 million offer.)

Other stars who are reportedly in talks to join the FOX show include Nick Jonas, Keith Urban, Nicki Minaj and Kanye West, just to name a few.

Katy Perry