Mike Let the fist pumping begin! Mike "The Situation" Sorrentino has signed a deal for the third season of MTV's 'Jersey Shore' and believes the entire cast is right behind him. Sorrentino and MTV reached a "great new arrangement," his manager, Michael Petolino tells PopEater in an official statement.

The cast is rumored to all be signing new contracts Tuesday after initially asking for $30,000 per episode. (The 'Jersey' gang made $5,000 per episode during season one and $10,000 per episode for season two.)

"Mike has been packed and ready to go for days for 'Jersey Shore 3' and is excited to move forward with the shooting," his manager says.