Regis Quits?

Regis Philbin quit his show after execs told his agent they would cut his salary when his current contract expired. Yes you read this correctly. Sources connected with the show told TMZ Regis’ agent, Jim Griffin, spoke with execs from the ABC station group about a new contract for Regis when his current deal expired.  Allegedly, ABC 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 Regis makes between $18 and $20 million a year and his replacement MAY be Ryan Seacrest.

Reportedly, Regis was angry at the offer and that was the reason for his announcement this week that he’s leaving the show. TMZ reported, Regis told Kelly Ripa about his decision 15 minutes before they went on the air.  Some reports claimed she was stunned but not angry.  Now TMZ reports she was furious partly because, as one source says, “She felt it showed a total lack of respect for her.” Allegedly, the entire production team is angry at Regis because they feel he hurt the show by blindsiding everyone. As for Regis’ agent, Jim Griffin, Regis fired him.  We’re told Regis feels Griffin did not negotiate the upcoming deal effectively.

Source: PureComplex.

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~ by littlefluffyduck on January 28, 2011.

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