Time will tell who will fill the recently vacated judge's chairs on "The X Factor," but one thing's for sure -- it won't be Beyoncé Knowles. At least, if Simon Cowell is to be believed.

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"I have no idea where this rumor came from," Cowell said in an interview with "Extra." "I read it online that I offered her $100 million a year. It's complete nonsense."

Cowell also revealed that executives at Fox began talking to him about a shakeup "[a]t the beginning of the year-- and we were told it had to happen straight away."

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He also took responsibility for the perception that "X Factor" has been a lukewarm success, admitting that his declaration that the show would be bigger than his last gig, "American Idol," set the bar too high.

"It's only because I opened my big mouth and said we were going to get 20 million [viewers]," Cowell said. "If I hadn't said that, everybody would be saying the show was a huge success."

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