NBC says a report that Donald Trump will receive $130 million over the next two years for his work on "Celebrity Apprentice" is "grossly inaccurate."
The New York Post reported Wednesday that Trump and co-producer Mark Burnett would receive an estimated $160 million over two years, citing sources familar with the contract. The paper's sources said Trump would personally pocket $65 million a year, which would be a substantial raise.
A person familiar with the negotiations tells TheWrap that the network's deal with the show is actually for one year, and NBC released a statement contesting the Post report.
"The financial information reported today in regards to 'The Celebrity Apprentice' is grossly inaccurate and has been significantly overstated," the network said in a statment. "While it is our policy to keep financial information strictly confidential, neither the production costs of the show nor what Mr. Trump makes personally is in the realm of reality. Donald Trump and 'The Apprentice' franchise remain a key part of the NBC primetime lineup and we are looking forward to another compelling cycle next season."
Representatives for The Post did not immediately respond to TheWrap's requests for comment Wednesday.