UPDATE: We hear Jon Hamm’s blockbuster new three-year deal is in the eight figures, catapulting him in the top ranks of cable’s leading men. His previous contract for Mad Men was for two more seasons. The new renegotiated deal raises his pay significantly in exchange for adding an extra year to his contract. Its length now aligns it with the one of Mad Men creator Matthew Weiner, who closed a new three-year deal with Lionsgate TV and AMC earlier this year. After locking in Weiner, Hamm was the studio’s top priority, with other key cast members also expected to get bumps in exchange for longer contracts.
PREVIOUS EXCLUSIVE: Great news for fans of one of the best hours of drama on television. We’ve learned that Jon Hamm just inked a three-year Mad Men contract with Lionsgate TV and network AMC in a deal that makes the show’s star one of the highest-paid actors in a cable series. Mad Men returns to AMC in 2012. Hamm is long represented by ICM and his manager is Connie Tavel. Hamm’s signing comes on the heels of Mad Men creator Matt Weiner closing a new $30 million deal for the show following one of the longest and most difficult showrunner re-negotiations in recent TV history. AMC officially renewed Mad Men for two more seasons and Lionsgate TV already locked in Mad Men creator Matt Weiner for three more years. So this Hamm negotiation effectively assures that Mad Men will go to seven seasons.