Sharon Osbourne will get “every last penny” from Simon Cowell if she is axed from X Factor mid-contract, her pals have claimed.

Sharon, 65, is rumoured to be facing the chop from the ITV show – along with fellow judge Louis Walsh.

But her pals are “incredulous” that Cowell wants to get rid of the pair – as both have already signed big-money contracts for the next series.

One said: “It would cost £3.5million to pay them both off – it’s money ITV don’t have.

“Sharon will get the money owed to her if she does go.”

Simon Cowell is reported to want a major shake-up to his judging panel on The X Factor (Image: WireImage)

It is thought TV host and music promoter Sharon is paid £2million a series for X Factor.

Talk of a mass shake-up on the show was sparked by the departure of Nicole Scherzinger, 39.

But a pal of the singer said she had been “clear from the get-go that last year would be her last.”Yesterday Louis, also 65, told the Mirror that X Factor boss Simon has assured him his job is safe for another series. He said: “I have a signed, watertight contract, as has Sharon.

“Of course you’ll see us back. It’s a three-year contract – we’ve done two.”