The show's creator and executive producer, Rhimes had just completed the first year of a two-year deal, which included a one-year option, that she signed in May 2005. The new three-year deal is said to be worth about $10 million, vaulting her into the upper tier of TV writers/producers.
Rhimes' pact reflects the importance of the medical drama to Touchstone as well as ABC, which is counting on Grey's Anatomy to revive its longstanding Thursday woes this fall. The show became a monster hit for the network as a midseason entry in the 2004-05 season, thriving in the Sunday 10 p.m. slot behind Desperate Housewives.
Rhimes, who is also working on a new pilot for ABC about a group of female journalists with former Grey's guest star Jeffrey Dean Morgan as part of the ensemble cast, isn't the only one getting a little extra cash.
Hopefully, the studio and network know the value of what they've got and are willing to make the appropriate concessions to retain these talented performers. The last thing we need is for Justin Chambers to pull a Terrell Owens and hold out. After all, Alex admittedly hates his team...