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July 30, 2012  | by: Abby Oladipo

The cast of "Modern Family"

“Modern Family” fans rejoice! The Emmy award-winning comedy will be back this Fall after contract negotiations and an impending lawsuit threatened the future of the show. However the six adult cast members involved in the dispute with the show’s producer, 20th Century Fox, have reached an agreement that includes a substantial increase in their salaries.

The contract negotiations involved cast members Julie Bowen, Ty Burrell, Jesse Tyler Ferguson, Ed O’Neill, Eric Stonestreet and Sofia Vergara. Five of the six actors’ salaries prior to the new deal had them earning $65,000 an episode, unlike Ed O’Neill who earned $105,000. The new contract includes a salary increase and the actors will be receiving $150,000 per episode. According to the Hollywood Reporter, with bonuses, the salary could be between $170,000 and $175,000 an episode in the upcoming season, which will have 22 episodes.

The new contract also allows the members to receive a small cut of back-end profits made and in exchange for the new perks, the members agreed to add one more year to their seven season contracts. With this new agreement, the show is back on track for its new season and will make its premiere on September 26.

“It’ll feel great, I’m sure everybody is going to be very relieved and I hope that it’s the beginning of a great season. I feel really good about it. I’m very happy for my friends on the cast for their success, I really am,” co-creator Steve Levitan said.

Will you be watching the new season of the hit show?

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