Tina Fey's Big Payday

She gets $4 million to continue on SNL for two more years, develop prime-time sitcom for NBC

By Lia Haberman May 07, 2003 9:00 PMTags

This just in: Tina Fey is stinking rich.

Saturday Night Live's head writer and "Weekend Update" coanchor has inked a $4 million deal that extends her contract for at least two more years.

Fey's phat payday will cover her current writing and performing duties and include the development of a prime-time comedy for NBC, which would be shepherded by Lorne Michaels' production company. It's unclear if the funny lady would star in the new series.

Meanwhile, Michaels' SNL Studios has optioned Rosalind Wiseman's Queen Bees and Wannabes: Helping Your Daughter Survive Cliques, Gossip, Boyfriends and Other Realities of Adolescence as a potential comedy vehicle for Fey to write and star in.

The geek-chic gal, who got her start with Chicago's Second City troupe, joined SNL in 1997 as a staff writer. Two year's later, she was promoted to writing supervisor before becoming head writer in the 1999-2000 season, the first woman to hold the job. Fey and the show's writing team won an Emmy for their efforts last year.

In 2000, Fey was paired up with SNL's It Boy Jimmy Fallon to coanchor the show's comic newscast. Despite a recent Fox News story that claimed Fallon would be jumping ship, he is expected to join Fey behind the news desk when SNL returns next season. An NBC spokesperson dismissed the suggestion that Fallon was quitting as a "pile of sh--" and said that he still has a year left on his contract.

Fallon, following in the footsteps of SNL's ambitious alumni, recently wrapped shooting on Woody Allen's flick Anything Else, slated for a fall release, and is set to star in the big-screen adaptation of Steve Martin's novella Shopgirl, shooting in September.

While Fey and Fallon are in place, Chris Kattan and Tracy Morgan will be making their final appearance as regulars on the show's May 17 season finale. After seven years, Kattan is leaving to make feature films. Morgan, meanwhile, is set to star in a sitcom for NBC.

In case you're wondering, this week's guests include the Oscar-winning star of The Pianist, Adrien Brody, and dancehall reggae duo Sean Paul and Wayne Wonder.