Feb 02, 2012 03:08 PM EST By Katrina Grant

Simon Cowell Offers Beyonce $500 Million to Judge X Factor?

Sources are saying that Simon Cowell is offering Beyonce a deal worth half-a-billion dollars to judge his hit talent show X Factor.

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Blue Ivy Carter may be a hot commodity in the news right now, but so is her mama, Beyonce. 

Sources are saying that Simon Cowell is offering Beyonce a deal worth half-a-billion dollars to judge his hit talent show X Factor. The deal would reportedly give Beyonce $100 million per year for five years, according to a Mediatakeout.com report.

Cowell just cut judges, Paula Abdul, Nicole Scherzinger and Steve Jones from the panel earlier this week. It was said he was considering Mariah Carey as a judge, but now wants Beyonce. 

"He wants a big name female star on the panel," a source said. "Mariah is good, but she's not that hot today. He wants Beyonce because that would immediately give him the bounce neededto beat American Idol." 

Beyonce was a guest host on X Factor last season. 

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