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You know you have a lot of money when you’re turning down $20 million dollar deals!

Katy Perry said “Thanks but No Thanks!” to American Idol‘s offer to be a judge on their upcoming season alongside Mariah Carey.

Reportedly, American Idol has been after the Fireworks singer for quite some time but she reportedly turned down the one year contract that was worth $20 million.

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TMZ reports:

Sources close to the production tell TMZ … “Idol” pursued Perry relentlessly for weeks, eager to get her to sign on the dotted line. According to our sources, they started the offer at $18 million, but threw even more cash on the table … $20 MILLION for a one year contract!!!
We’re told Katy made it clear … she was NOT interested and money wasn’t the issue.

Sources tell the website that while the pop singers crazy schedule made it impossible to do the show Katy also didn’t think it was the right move to make with her career.

DETAILS: SAY IT AIN’T SO! Katy Perry & John Mayer Split

In July, on the possible gig, Katy told the Hollywood Reported:

“People have reached out to me about the possibility of being involved, and it’s not right for me yet.”

Do you guys agree? Is it best Katy stand clear of the judges’ seat?

SOURCE: TMZ & Huffington Post