Osteen's book, who spoke on the condition of anonymity because their companies do not allow the disclosure of financial arrangements with authors or clients, said Mr.

Two people involved in negotiations over Mr. Osteen's book deal were conventionally structured, it would be one of the biggest ever for an author of a nonfiction book, surpassing the $8.5 million or more received in 1994 by Pope John Paul II and just last week by the former Federal Reserve chairman, Alan Greenspan, and potentially topping the $10 million former President Bill Clinton received for his 2004 memoir, 'My Life.' Phil McGraw, the talk-show host, and other authors. Simon & Schuster has signed similar contracts with Dr.

King had been seeking an advance of close to $17 million. That type of deal was popularized by Stephen King, the best-selling novelist, who in 1997 signed a deal with Simon & Schuster for the novel 'Bag of Bones' that paid him a $2 million advance plus 50 percent of profit. Rather, the Osteen contract is known in the industry as a co-publishing agreement, with the author receiving a smaller advance - perhaps $1 million to $2 million - but then being entitled to receive 50 percent of the publisher's profit on sales. The contract does not adhere to usual format, with the author receiving an advance on future royalties and the royalty rate set at 15 percent of the cover price of each book sold.

Your best life now joel osteen summary