'Jersey Shore' star Mike It's time for some serious GTL, folks. 'Jersey Shore' star Mike "The Situation" Sorrentino, who flashes his infamous washboard abs with wild abandon, is expected to earn more than $5 million this year, a source tells The Hollywood Reporter.

"We are really excited about all the opportunities coming Mike's way," says Sorrentino's manager, Mike Petolino. "He has been able to secure many endorsement deals, business opportunities and additional television offers based on the success of the show. Our goal has always been to try to build a brand if the situation presented itself."

Earlier this year, the 'Shore' cast's contract negotiations held up production on the series. The cast initially asked the network for $30,000 per episode -- a 200% raise. The source confirmed that Sorrentino is earning close to $60,000 an episode, plus event appearance fees, which range from $15,000-$50,000.