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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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121.

Trish    

Even with a pay cut he would have been making millions. Some celebrities just are greedy and really don't appreciate what they have. The whole country is hurting, so why can't athletes and celebrities be too good for a pay cut now and then. I don't even watch the show anymore, but that is just because Kelly started getting on my nerves. I think Regis just needs to retire. He needs to remember he can't take his money with him when he goes to the wide blue yonder for good.

1372 days ago
122.

Nyla    

I think he was ready to retire and just used this as an excuse. He probably didn't want to quit because the money was good and lots of people depended on him for their paychecks. He deserves to retire and go somewhere warm.

1372 days ago
123.

Scudrunner51    

It's time to say 'Good-Bye' & waiting to tell Kelly 15 minutes before the show was disrespectful but hey, that's show biz.

1372 days ago
124.

Lisa    

Oh please. Regis is 827 years old, it's time for him to go. What's Kelly pissed for? Now she can lobby to have her husband (who's approval she's killing herself for) can take his place.

1372 days ago
125.

Who'sThat    

what's he going to do? build a coffin for his millions to be buried with him or better yet, build a gigantic coffin for him and his money?
Rich men esp greedy old rich men can't get into heaven very easily!

1372 days ago
126.

kimd    

Are you f**cking kidding me?Regis makes between 18 and 20 million dollars a year? For WHAT? And he doesn't think that's enough?

1372 days ago
127.

CriticAl    

Regis is an angry little leprechaun, and I'm surprised he hasn't stroked out already. He needs to WOO-SAH.

1372 days ago
128.

CrisDizzle    

Must be a tough life for Regis to put food on the table and a roof over your head when you currently only get paid 18-20 million dollars a year for doing a freakin' 45 min chitter chatter morning show! Are we living in Bizarro world: WTF?

1372 days ago
129.

CrisDizzle    

$18-20 MILLION DOLLARS A YEAR... IS THAT YOUR FINAL ANSWER REGIS? HAHA ;-]

1372 days ago
130.

saynotolies    

Holy crap...He's pissed because he won't be making 18 million dollars anymore? I've always hated Regis, he never remembers anyones names, he screws up at least 6 times during every show he's on. He's just an idiot..and to let Kelly know 15 friggen minutes before going on air? A*&hole move...just goes to show you, Regis only cares about Regis. I have to admit, I used to watch the show a long time ago, when Kelly first came on. Then gradually I could see Kelly rolling her eyes at him, then I would only watch when a guest host would fill in for him. Which was quite a lot since he would be hardly there!!!

1372 days ago
131.

Franko    

I actually feel sorry for the agent Jim Griffin who probably saw it just to have negotiate pay cut. Shows you there's simply no loyalty to one another..30 years means absolutely zilch..at least in Regis' world.

1372 days ago
132.

Diannesty    

Regis is a classy gentleman but his memory lapses and frequent vacations are kind of annoying to me. (He is almost 80 though!)He looks like he wants to kill Gelman for putting a TELEPHONE on the desk for him to use. Good thing it's not a cell, haha.
Kelly is a great partner, hip to current events and can help Regis refocus when he has to. Even though she tends to be somewhat dramatic and repeats the same jokes over and over sometimes, she brings comedy and a fresh look that is a good contrast to Regis's stuffy perspective.
It is like watching somebody hang out with their grandfather in a cute, funny way.
I love them both and hope Regis decides to stay until his 30th anniversary.

1372 days ago
133.

automanager26    

I have lost all respet for Regis. What is this 79 year old idiot thinking? Is he thinking about his future. Dumb A$$.

1372 days ago
134.

summer    

He has totally lost touch with reality. Good for ABC - he can easily be replaced.

1372 days ago
135.

Vesna    

To talk about what you did last night and how much crap you had for dinner and what color poop you had in the morning - and for all this you get paid 18 MIL seriously people - somebody needs their head examine!!!!!

1372 days ago
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