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Marc Anthony has inked a new deal that has secured him a mighty hefty bag!

The Latin crooner has signed a ginormous multi-million dollar deal with CMN, the largest producer of Latin music concerts and events in the U.S. for a new tour.

Via Billboard:

The deal will give Marc Anthony at least $160 million, including guaranteed income and performance bonuses, making it perhaps the most lucrative touring deal ever for a Latin artist. Under the new agreement, CMN will serve as Anthony‘s exclusive concert promoter throughout North America, Central America, South America and the Caribbean encompassing several touring cycles. In Europe, CMN will co-promote concerts with Magnus Talent Agency, the booking agency of Magnus Media, the entertainment company founded by Marc Anthony with veteran agent Michel Vega.

“Our unprecedented partnership with Marc unites an iconic musical treasure with the world’s top multicultural live entertainment and branding resources to drive innovation on a global basis,” said Henry Cárdenas, president of CMN.