Obama Signs Deal for Post-Presidency Book

Obama Signs Deal for Post-Presidency Book

Thursday, March 19, 2009 10:18 AM





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.


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


The deal was first reported by The Washington Times.