WHAT!? Tyler Butler-Figueroa Gets Money Even If He Doesn’t Win AGT
Young violinist Tyler Butler-Figueroa could have a lot more than the million-dollar prize waiting for him if he wins AGT Season 14. The inspiring cancer survivor reportedly has a deal in place that could mean big things for his career.
America voted Tyler into the AGT semifinals, which begin this week. TMZ reportedly obtained his semifinalist contract, which allegedly promises a $100,000 advance on his first album if he wins the show. But that isn’t the shocking part at all.
Does Tyler Have A Deal With ‘AGT’ Even If He Loses?
According to TMZ, Tyler’s contract also offers a possible $100,000 in bonuses based on album sales, in addition to royalties. However, even if he doesn’t win, he’ll still reportedly earn a $25,000 advance, as well as up to $100,000 in bonuses.
TMZ adds that Tyler could receive up to a $275,000 advance if he gets to a fifth album — regardless of whether or not he wins the show.
How Much Money Does The ‘AGT’ Winner Receive?
According to AGT, the winner of the show will receive $1 million. However, it’s a little more complicated than that. In actuality, the winner may either receive the prize in a financial annuity over 40 years, or the “present cash value of such annuity.”
According to iHeartRadio, the first option would give the winner about $25,000 in taxable income each year for 40 years. The second option, as of last year, would give them about $300,000, minus taxes.
So the prize isn’t really as grand as the show makes it sound, although it’s still a lot of money. And if Tyler really does have a deal in place, he could be making a lot even if he doesn’t finish in first place.
Tyler Butler-Figueroa Is Going To The AGT Semi-finals
Tyler received the Golden Buzzer from judge Simon Cowell in his audition. He returned for the quarterfinals and received enough votes from viewers to send him through to the semifinals.
AGT announced the lineup for this week’s episode, and Tyler is scheduled to perform. He’ll go up against such popular acts as Kodi Lee and Eric Chien. Tune in Tuesday at 8/7c on NBC to see his performance.