Money Matters - Simplified


Howard Stern Is Back Where He Belongs

 The "will he or won't he" drama is over. Howard Stern announced this morning that he's sticking around with Sirius XM Radio (Nasdaq: SIRI) for another five years.


Stern signs 5-year contract with Sirius

New York -- U.S. shock jock Howard Stern said on his radio show Thursday he has signed a contract that will keep him on SiriusXM Radio another five years.

Stern's current 5-year-contract, for which he was paid $500 million, expires Dec. 31.

Although reported Stern did not say how much he is to be paid under this new agreement, he said recently he had no intention of taking a pay cut from his $100 million-a-year salary.
Copyright 2010 United Press International, Inc. (UPI).

Royals sign Francoeur to 1-year deal

Lake Buena Vista, Fla. -- Outfielder Jeff Francoeur has signed a 1-year contract with the Kansas City Royals, the team announced Wednesday at baseball's winter meetings.

Francoeur's deal is for $2.5 million with performance bonuses that could add another $500,000 in the coming season and includes a $4 million mutual option for 2012, The Kansas City Star reported.

"For me, this was the right situation," Francoeur told the newspaper. "I tell people all of the time that (Royals General Manager) Dayton (Moore) was in my house when I signed my first contract (with Atlanta) when I was 18.

"I've always respected him, and I like the way he's building with young guys."

Colts' Powers goes on IR

Indianapolis -- Indianapolis Colts starting cornerback Jerraud Powers went on injured reserve with an arm injury, the team said Tuesday.

Powers, 23, had two interceptions, a team-high nine passes defensed and 53 tackles in 10 games this season.

Indianapolis also announced they signed running back Dominic Rhodes, who played seven seasons (2001-06 and 2008) for the Colts. He played for Florida in the UFL this past season.

Rhodes has 3,114 yards and 26 touchdowns rushing, and 1,021 yards with four scores passing in 96 (33 starts) games over eight NFL seasons.

Copyright 2010 United Press International, Inc. (UPI).

J. Lo is the new face of L'Oreal Paris

Paris -- U.S. singer and actress Jennifer Lopez has been named a global brand ambassador for L'Oreal Paris, the beauty-product company announced Monday.

Lopez, who signed on as a judge for the new season of "American Idol," also said recently she is creating a line of clothes and accessories for Kohl's department stores, and will serve as a celebrity spokeswoman for the Boys & Girls Clubs of America.

Old Spice Guy to host funny ad special

Los Angeles -- Isaiah Mustafa, otherwise known as the Old Spice Guy, has signed on as host of the U.S. television special "Funniest Commercials of the Year: 2010," TBS said.

The program is to air Dec. 16 on the cable television network.

The sale of Old Spice body products reportedly spiked as a result of Mustafa's sexy, funny commercials. He also will soon be seen in the big-screen comedy "Horrible Bosses," as well as the dramatic film "For Colored Girls Who Have Considered Suicide When the Rainbow Is Enuf."

Copyright 2010 United Press International, Inc. (UPI).

Packers' Williams signs contract extension

Green Bay, Wis. -- Green Bay signed cornerback Tramon Williams to a four-year contract extension worth $33 million, the Milwaukee Journal Sentinel reported Tuesday.

Citing unnamed sources, the newspaper said Williams' deal with the Packers will average $8.25 million per year and is effective through 2014.
It reportedly includes a $6 million signing bonus and roster bonuses of $2.5 million in 2011, $2.8 million in 2012 and $300,000 in both 2013 and 2014.

The source said the package guarantees Williams $11.1 million.

Quinn denies Sabres sale deal signed

Buffalo, N.Y. -- The Buffalo Sabres' Larry Quinn Tuesday denied a letter of intent to sell the NFL club had been signed.

Quinn, the team's managing partner and minority owner, knocked down a Hockey News report a $150 million deal had been reached with billionaire Terry Pequla, founder and chief executive officer of an energy exploration and development company.

Colorado Rockies tie up Tulowitzki

Denver -- Shortstop Troy Tulowitzki has signed a seven-year extension tendered by the Colorado Rockies said to be worth $134 million.

The National League baseball club officially announced the contract Tuesday, the day after several media outlets, including The Denver Post, reported the lucrative deal that will keep Tulowitzki in a Rockies uniform through the 2020 season.

Tulowitzki, 26, had signed a six-year contract in January 2008 after helping the team get to its first-ever World Series in 2007. He voiced high hopes for bringing a world championship to Denver.

Catcher Buck signs 3-year Marlins deal

Miami -- The Florida Marlins have signed free-agent catcher John Buck to a three-year contract, the team's Web site reported Tuesday.

The 30-year-old catcher has spent seven years in the major leagues, six of them with the Kansas City Royals and last year with the Toronto Blue Jays, for whom he hit .281 with 20 homers and 66 RBI in 118 games.

Buck, however, also sported the worst strikeout-to-walk ratio in major league baseball at 111-to-16. Nevertheless, he landed a spot on the American League All-Star team for the first time in his career.

Buck has thrown out 28 percent of the baserunners attempting to steal and boasts a .243 career average with 90 homers in 702 games.