Obama Signs Deal for Post-Presidency Book


President Barack Obama already has a job lined up after his presidency: writing another book.

The best-selling author reached a new book deal a few weeks before his inauguration. A financial disclosure report released this week shows Obama amended his agreement with Crown Publishing Group to deliver a new nonfiction book after he leaves office.

Obama also approved an abridged version of his book, "Dreams From My Father," suitable for middle-school or young adult readers. The publisher is giving him a $500,000 advance for that. Obama didn't say how much his deal for the new nonfiction book might be worth.

"I don't recall any sitting president entering into a book deal," campaign finance lawyer Jan Baran, former general counsel to the Republican National Committee, told the Washington Times. "They all have historically done that after they leave office." 

Obama received nearly $2.5 million in book royalties last year.

Copyright AP - Associated Press
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