MTV Locking Down 'The Situation'

Mike "The Situation" is Jersey Shore's golden boy!

According to TMZ, MTV has proposed a deal to 'The Situation' offering him some serious money to stick around for season 4. Rumor has it that they wanna split up Season 2 into 2 seasons by having Miami be separate from Seaside Heights.

MTV is reportedly offering Mike a one time bonus of $60,000 to $180,000 for the Miami season depending on the ratings.

They wants Mike to stick around for Season 4 and they are willing to cough up between $27,500 - $45,000 an episode. Mike made $10,000 for Season 2 and Season 3.

We're not sure if we could handle Jersey Shore for another 3 seasons but the new season kicks off on July 29.