Submitted by: kirkland on Tuesday August 03rd, 2004 at 01:28 PM EST

Dave Chappelle has signed a massive deal with Comedy Central that will return the comedian's hit series to the network for two more seasons.

Sources familiar with the deal indicate it could be worth about $50 million, vaulting Chappelle, 30, into the rarefied realm of television's top earners. The new contract is believed to mark not only a steep increase for Chappelle as star, writer, co-executive producer and co-creator of "Chappelle's Show," but more significantly, reward him with a hefty chunk of the series' robust DVD sales.

Increasing the pressure on Comedy to close a megadeal with Chappelle was interest from other programers eager to tap his talents, including NBC Universal Television Group, according to sources, which ultimately deemed Chappelle too expensive. FX is said to have made an eight- figure offer to lure Chappelle to the network, but to no avail.

The deal also has implications beyond Comedy for Chappelle within the network's parent company, Viacom, sources said. Another component sets up Chappelle with a multimillion-dollar deal at Paramount Pictures to star in an adaptation of the autobiography of Rick James, the funk veteran whom Chappelle has lampooned on "Chappelle's Show." He may also be tapped for a different film project.

Chappelle, who is vacationing in Paris, was not available for comment.

» Read full story @ Reuters