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'Idol' finalists get recording contracts

ace young; chris daughtryShocking news from the world of American Idol. While Taylor Hicks was the first to sign his recording contract because he actually won the contest, a handful of the other finalists are right behind him with recording contracts of their own. According to TMZ.com, RCA Music Group (which signs all the Idols) has already signed runner-up Katharine McPhee and is reportedly in negotiations with Chris Daughtry and Ace Young. Third placer Elliott Yamin is reportedly being wooed by Hollywood management company The Firm.

At this point, I'd say it's a crapshoot. Who can guess which contestant will be most successful? So far, the only really successful non-winner seems to be Clay Aiken, who sued to break away from the Idol contract. And the only really successful winner is Kelly Clarkson, and that's because she split from 19 Entertainment, the management company that mis-manages all the Idol winners.

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