There's a new twist in the surprise departure of Regis Philbin from 'Live With Regis and Kelly,' and as you'd expect, it centers around money. Loads of money. Regis fired his longtime manager, Jim Griffin, right after telling viewers he was quitting, and sources say he made the move because he was insulted by a proposed pay cut.

According to TMZ sources, Regis makes between $18 and $20 million a year. I'm told it's a bit less than that, but regardless, an insider tells me that's "more than double" what Kelly Ripa receives. ABC producers wanted an adjustment for Regis' new contract, and Jim Griffin went to work on negotiations.