Ashton Kutcher's 'Two and a Half Men' Contract Is Only One Year (Report)

19 REP DEALS Ashton Kutcher
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The "That '70s Show" veteran will receive $700,000 per episode plus incentives on "Two and Half Men."

The actor is replacing Charlie Sheen on the CBS comedy next season.

Ashton Kutcher, who is replacing Charlie Sheen on Two and a Half Men, has signed only a one-year contract to co-star on the show, the Wall Street Journal reported, citing sources.

The reason? In part, it's due to the fact that CBS has licensed the Warner Bros. TV show for only one more season at this point.

That means that if CBS picks up the comedy for a 10th season -- which would aired in 2012-13 -- WBTV could extend Kutcher's contract, or the studio and Kutcher would be free to part ways.

According to the WSJ, both CBS and WBTV are hoping the show -- TV's No. 1 comedy and a huge generator of advertising and syndication revenue -- runs at least two or three more seasons.

Kutcher is said to be receiving about $700,000 per episode plus incentives.

Sheen, who was fired in March, was the highest-paid actor in television with a salary of $2 million per episode when including his portion of rerun money.

Reps for Kutcher and CBS didn't return the WSJ's requests for comment.