We don't necessarity believe it, but we're gonna report it: Beyonce has been offered $500 million to become an "X Factor" judge.

Simon Cowell wants to make his show as hot as possible, so he's trying to sign Beyonce.

A source said: "He wants a big name female star on the panel. Mariah Carey is good, but she's not that hot today. He wants Beyonce because that would immediately give him the bounce needed to beat American Idol."

The deal would be worth $100 million per year for 5 seasons.

Source: MediaTakeOut.com