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McConaughspawn -- Three Million Dollar Baby

7/9/2008 1:54 PM PDT BY TMZ STAFF

Matthew McConaughey's lil' bundle of joy will be making Matt a big bundle of jack.

Our spies tell us OK! mag will shell out $3 mil for the first pics of young Levi, who was just born Monday night. And that's not all -- we're told that the deal includes baby's first Christmas as well.

We also hear OK! gets first right to the pics of the wedding if Matt and Cam get married -- though they'll have to pay extra for those snaps.

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