Cheryl Cole will be staying on UK X-Factor

After months and months of hearing that she's got the US X-Factor deal, and then that she hasn't, and so on (and on and on), it's been confirmed that Cheryl Cole does not have the job.

To make it up to her though, Simon has nicely upped her pay to $2.77million a year - a $1.38million rise.

A source said, "Cheryl is thrilled about the new deal. She thought her days on the UK X Factor were behind her but the money is too good to refuse."

They explained, "This is Simon's way of making it up to Cheryl for not landing her the US X Factor gig. He's handing her a $2.77million dream pay day.

"She was convinced Simon had pulled all the strings to get her on the judging panel but it's been a disaster. Now Cheryl will make twice the money she was on last year," they added.

We're sure that's really helped her come to terms with her disappointment. Are you glad she's staying?

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