Howard Stern could receive major payday with renewed contract: report

The shock jock's current five-year deal with SiriusXM is nearing its end

Howard Stern may land the biggest payday of his career if he renews his contract with Sirius XM when the current five-year agreement expires at the end of 2020, according to a new report.

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While a former employee claimed the famed shock jock might retire instead, insiders tell Page Six that's likely untrue.

Former Stern intern Steve Grillo took to his Twitter account on Thursday claiming he received inside knowledge that the radio icon is "leaning towards retirement."

HOWARD STERN STAYING AT SIRIUS XM ANOTHER FIVE YEARS

However, an insider claimed to the outlet that Stern is "still at the top of his game."

The source denied Grillo's claims, adding: "Every time Howard's contract is up, there's rumors about him retiring or moving to a rival like Spotify, and most often, this is a way to get him an even bigger deal."

Meanwhile, SiriusXM CEO Jim Meyer this week voiced interest in keeping Stern happy.

1 WAY HOWARD STERN MAY BE MORE VALUABLE TO SIRIUS XM HOLDINGS NOW THAN EVER

An insider shot down rumors that Howard Stern is leaning toward not renewing his SiriusXM contract. (Getty)

"I don't want to be overly optimistic, but I want Howard here. …. This process isn't any different to me than the last time, so we will keep working and we will get there, I hope," Meyer said on the company's second-quarter earnings call, Deadline reported.

Meyer also said talks of reupping Stern's contract have already begun, reports said.

Back in April, Stern excited listeners with his first-ever interview with former Patriots star Tom Brady. The NFL pro, who was recently signed to the Tampa Bay Buccaneers, discussed his own finances while chatting about his two-year $50 million deal with the Florida team.

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At one point, Stern was critical of the NFL’s salary-cap structure, arguing that Brady “should be probably making $100 million and sharing in the profits of that team” given the surge in ticket sales, sponsorships and other revenue the Buccaneers are likely to receive.

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Stern last negotiated his contract with Sirius XM in December 2010, sparking an 8% rally in the satellite radio company's share price.

At the time, he also told his listeners that he's never had "heavy discussions" about moving to Apple's iTunes.

Fox Business' Thomas Barrabi contributed to this report.