“Modern Family” has been renewed for two more seasons by ABC.
The long-running comedy’s season-eight finale is scheduled to air May 17.
Sources say that most of the show’s core cast members Sofia Vergara, Julie Bowen, Jesse Tyler Ferguson, Eric Stonestreet, and Ty Burrell will see their paychecks rise to nearly $500,000 per episode for the next two seasons, up from about $350,000 under their previous contracts.
Ed O’Neill also has a bigger profit participation stake than his co-stars given his higher profile at the time the series debuted in 2009.
Deals are still being hammered out for the show’s younger stars: Sarah Hyland, Ariel Winter, Rico Rodriguez, Nolan Gould, and Aubrey Anderson-Emmons.
Those actors are expected to get a pay bump but not to the same level as their TV parents.