Steve Price from The Project criticizes Kyle Sandilands for signing a $200 million 10-year deal

Steve Price slammed Kyle Sandilands during Wednesday’s episode of The Project after the radio star signed a lucrative new deal.

The veteran radio announcer, 68, was discussing Sandilands and Jackie ‘O’ Henderson’s $200million deal on the Channel Ten show.

The deal will also see the radio breakfast hosts broadcast in Melbourne, which prompted host Sarah Harris to ask Price whether Victorian audiences will take a shine to Sandilands’ controversial style.

‘Well Sarah, Kyle’s a grubby buffoon and I don’t think grubby buffoons work in Melbourne. I probably shouldn’t call him a grubby buffoon, he’s just a grub,’ Price said.

‘Melbourne will not embrace the style of that program as it is right now. Some of the sexually explicit material is off-putting,’ he added.

Steve Price (pictured) slammed Kyle Sandilands on Wednesday's episode of The Project after he signed a record-breaking $200million deal to continue his show with Jackie 'O' Henderson for another ten years

Steve Price (pictured) slammed Kyle Sandilands on Wednesday’s episode of The Project after he signed a record-breaking $200million deal to continue his show with Jackie ‘O’ Henderson for another ten years

The deal will also see radio breakfast broadcast in Melbourne, which prompted host Sarah Harris (pictured) to ask Price whether Victorian audiences will take a shine to Sandilands' controversial style

The deal will also see radio breakfast broadcast in Melbourne, which prompted host Sarah Harris (pictured) to ask Price whether Victorian audiences will take a shine to Sandilands’ controversial style

On Wednesday morning, the Sydney-based radio duo signed a record-breaking $200million, 10-year deal live on-air – keeping them on the airwaves until 2034.

A spokesperson for ARN confirmed to Daily Mail Australia the deal means Kyle and Jackie’s KIIS FM work pals Jase Hawkins and Lauren Phillips will be out of a job and their Melbourne breakfast show will be finishing up in December.

Lauren broke down in tears while announcing the news to her listeners on Wednesday, sobbing that she didn’t want to ‘say goodbye to Melbourne’.

Jase and Lauren’s show was successful for KIIS FM, bringing in new listeners for the station and sitting third in the Melbourne market behind Fox FM’s Fifi Fev & Nick and GOLD104.3’s Christian O’Connell.

'Well Sarah, Kyle's a grubby buffoon and I don't think grubby buffoons work in Melbourne. I probably shouldn't call him a grubby buffoon, he's just a grub,' Price said. 'Melbourne will not embrace the style...Some of the sexually explicit material is off-putting'

‘Well Sarah, Kyle’s a grubby buffoon and I don’t think grubby buffoons work in Melbourne. I probably shouldn’t call him a grubby buffoon, he’s just a grub,’ Price said. ‘Melbourne will not embrace the style…Some of the sexually explicit material is off-putting’

In a statement to celebrate the historic contract renewal, Sandilands said: ‘Fans of the show will be stoked to hear that this 10-year deal is the longest radio deal in Australian history.’

‘Love us or loathe us, Jackie and I will be continuing with our politically incorrect nonsense for a long, long time.’

He added, ‘We want to thank the listeners. Staff. All the clients. Even senior management, I’ll give a nod to. They actually did something brilliant.’

This means the duo will dominate markets outside their Sydney-based audience and extend their reach into Melbourne for the first time.

It’s been reported one unique clause in the contract gives Sandilands the ability to broadcast the show from ‘anywhere on the earth’.

Kyle Sandilands and Jackie 'O' Henderson have confirmed their historic new radio deal will see them expand to Melbourne

Kyle Sandilands and Jackie ‘O’ Henderson have confirmed their historic new radio deal will see them expand to Melbourne 

ARN confirmed to Daily Mail Australia that the news means that Kyle and Jackie's KIIS FM work pals Jase Hawkins and Lauren Phillips (both pictured) will be out of a job

ARN confirmed to Daily Mail Australia that the news means that Kyle and Jackie’s KIIS FM work pals Jase Hawkins and Lauren Phillips (both pictured) will be out of a job 

The shock jock has often worked on the KIIS FM show from Los Angeles and other places, so the new contract will give the flexibility to continue broadcasting from wherever he chooses.

The groundbreaking $200million deal means Sandilands and Henderson will each earn $10million per year, which is double their current salary of around $5million per year.

According to the Financial Review, Kyle and Jackie’s contracts, ‘include a base salary, a percentage share of revenue above what is now earned – known as “incremental growth”, and sign-on bonuses mainly made up of shares in ARN.’

Jackie celebrated the exciting news by sharing a glamorous selfie of herself with Kyle to social media, alongside a gushing caption about their next decade together

Jackie celebrated the exciting news by sharing a glamorous selfie of herself with Kyle to social media, alongside a gushing caption about their next decade together

ARN chief executive Ciaran Davis said expanding Kyle and Jackie’s show to Melbourne will ‘attract new audiences and expand commercial opportunities’. 

‘Melbourne is the largest radio advertising market in Australia and represents an opportunity for ARN Media to grow ratings and revenues on KIIS 101.1,’ he said.

‘Kyle and Jackie O have evolved into a powerful brand that significantly contributes to ARN’s commercial success, and this new agreement strategically positions us for long-term growth that extends beyond radio.’ 

Jackie celebrated the exciting news by sharing a glamorous selfie of herself with Kyle to social media, alongside a gushing caption about their next decade together.

‘Can’t believe I get to work with this guy for the next ten years,’ she wrote.

‘How lucky am I? Thanks to our loyal listeners and [ARN] – so pleased to announce we’ve just signed for another 10 years of breakfast radio. What a dream!!!!’

The radio duo's record-breaking deal is worth an eye-watering $200million and will keep them on-air until 2034

The radio duo’s record-breaking deal is worth an eye-watering $200million and will keep them on-air until 2034 

READ MORE: Kyle Sandilands and Jackie ‘O’ Henderson sign record $200million 10-year deal with KIIS FM

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