Last week's rumor that Howard Stern is a possible candidate to replace the departing Simon Cowell on next season’s American Idol was not a joke.

Today the shock jock addressed the reports on his satellite radio show, admitting the job wouldn’t be out of the question. “There’s not a better job on the planet than judging a fucking karaoke contest,” Stern said, MTV reports. “It might be possible, we’ll see.”

As Rolling Stone reported last week, Stern’s five-year, $500 million contract with Sirius XM expires in January 2011, freeing up the radio personality to pursue other opportunities. While the New York Post wrote last week that Idol’s overtures to Stern might just be a leverage tool to help secure Stern a lucrative new contract from his current employer, Stern seemed pretty open about taking on the Idol job because he’s long been a fan of the show. “If I do say so myself, I can’t imagine anyone else but me replacing [Cowell],” Stern said. “I mean, how else are they going to make that show work? Who knows how to broadcast and who knows how to be interesting? And who’s not afraid to speak their mind?”

Idol producers are rumored to be considering offering Stern a contract that mirrors his five-year, $500 million deal with Sirius XM, but considering Paula Abdul and Idol split ways over a few million and Cowell will only make a reported $50 million per season to executive produce and judge on The X Factor, that figure seems a little excessive. “A $100 million to judge a karaoke contest? Yeah, I think I would do that show for $100 million,” Stern said. “It would be the best thing that happened to me. What a cush job: $100 million for four months. Who wouldn’t take that?”