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Regis Philbin

Quit Over Pay Cut

1/22/2011 11:00 AM PST BY TMZ STAFF

Regis Philbin quit his show after execs told his agent they would cut his salary when his current contract expired ... sources tell TMZ. 

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Sources connected with the show tell TMZ ... Regis' agent, Jim Griffin, was talking with execs from the ABC station group about a new contract for Regis when his current deal expired.  We're told the honchos made it clear ... Regis would be getting a pay cut, partly because the show is not performing as well as in the past ... and partly because he takes a lot of time off.

Sources say Reeg is currently pulling in between $18 and $20 million a year.

Regis, we're told, was angry at the offer and that was the trigger for his announcement this week that he's leaving the show.

TMZ first reported ... Regis told Kelly Ripa about his decision 15 minutes before they went on the air.  Initially we were told she was stunned but not angry.  Now we've learned she was furious -- partly because, as one source says, "She felt it showed a total lack of respect for her."

We're told the entire production team is angry at Regis because they feel he hurt the show by blindsiding everyone.

As for Regis' agent, Jim Griffin, Reeg fired him.  We're told Regis feels Griffin did not negotiate the upcoming deal effectively.

355 COMMENTS

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91.

Who'sThat    

He made 18 - 20 million a year??!!! Are you f-ing kidding me? That is one of the most ridiculous things I have EVER heard. There is something seriously wrong in this country when it comes to how much some people get paid.

Posted at 4:51 AM on Jan 22, 2011 by Jean

agree!!
ridiculous that he gets that much for sitting in his chair with mindless chatter...WOW! crazy how the teachers who form our children's young minds have to struggle and some doctors who save people's lives are taking a big pay cuts and losing some jobs, our soldiers who fight for our lives struggle when they return to no job with physical ailment barely treated by our government and this guy complains b/c they were going to give him a pay cut from 20 mil/year?

this is so offensive, it is mind-boggling!! pisses me off that we see so many good people struggle everyday and this guy is making millions just for a couple hrs of work everyday!

gawd...people's priority is all messed up in this world!

1288 days ago
92.

mikey    

I did a search and Kelly Ripa salary is 7 million. She is doing very well. Regis wont be hard to replace. Im sure theyve received many calls already from A-LIST actors wanting a chance for this cush job.

1288 days ago
93.

TXluvsMJ2    

I can understand why Reg might think a pay cut is a slap in the face, but seriously, he should just retire gracefully.

The network probably thought they were being nice in offering him a reduced salary for the amount of days that he works as opposed to the amount of time off he takes.

Those guest hosts don't come for free, and if they get another host they will have to pay his/her salary as well as Reg's. His "quitting" was probably the best thing that could happen to the network; now they can just hire another host and not have to worry about paying two salaries.

1288 days ago
94.

lee    

It was/is past time for Reeg to retire. Half the time he acts confused or can't remember a word. Kelly can carry the show without him and it will likely bring the ratings rocketing upward again. Bye, Bye, Reeg. Go now. Don't wait until summer or fall.

1288 days ago
95.

Lefty009    

Entertainers never cease to amaze. Regis Philbin pulling down 18-20 MILLION a year! Charlie Sheen making $1.8 million per episode. And don't even get me started on drug addicted sports heroes or new age musicians!
This country needs a reality check when it comes to certain career salaries. But, advertisers with deep pockets and endorsement deals continue to fuel the madness, until they trip up like Tiger Woods did and the rug gets pulled out from under them.

1288 days ago
96.

kickaboo    

Does he realize those co-hosts would like to be paid when they fill in for all the days he misses? I like Regis, but he should enjoy the fruits of his labor, that much money for any host is ridiculous.

1288 days ago
97.

Ron Kelley    

Who really cares? Regis should go to Jersey Shore. Then he could be the rest of the people who've made millions but are totally void of any meaningful telant. Frankly, a guy with as little talent as Regis should be thrilled with his salary. Where else but in America can a no talent, self absorbed narcacist make $18 - $20 & complain about it? Great country - isn't it?

1288 days ago
98.

dd    

I never heard Regis complain, this is just trash talk, all he said was that it was time for him to retire, and believe me he wouldn't have been making that cash if he wasn't pulling in 20x that for the network!

1288 days ago
99.

Ed    

This shows what a TRUE Class act Reg is. Instead he is a money grubbing over the hill pervert. The least you could do is ask them to donate the difference to a charity to help all the people that have been affected by the recession, or homeless, or battered women. But instead, you want it all to yourself. You just can't take a cut from 18 mil to 10 mil. Way to go Reg!!

1288 days ago
100.

spammer    

I read last year in a magazine he was retiring. He's almost 80. lets leave it at that!!!

1288 days ago
101.

suesanne    

With all the people hungry and living in shelters or in their cars do you really have the ego to say whatever they are offering you is not enough? People are living on unemployment or less and you cannot live on $14 million? You need to get your priorities in place and look around you.

1288 days ago
102.

Ron Kelley    

Where else but in america can a narcisist with no talent make $18M to $20M & complain about it? Regis should join the cast of Jersey shore. Then, we'd all of the no talent, over paid whiners in one spot. It would be easier to fire them all simulatnaeously that way.

1288 days ago
103.

princess ali baba    

It's not a question of enough, pal. It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another.

GORDON GECKO aka REGIS PHILBIN!

1288 days ago
104.

Angie    

Good for him! They were cutting his salary because he is old and they felt he neeeded them. Well, he did show them how much he needs them. Not at all! Well done Regis, enjoy your money in the Caribean!

1288 days ago
105.

Victor Lucas    

I never liked Regis and will not miss him. He will be forgotten in a year. A second banana with no talent, he talks about himself in the third person, like Jerry Lewis!

Vic.

1288 days ago
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