i wouldn't sneeze at the offer of a $50k advance...but that would be a mighty large pay cut...even for me...
"Conveying news of latest rejection, agent mentions we'll be lucky to get $50,000; explains, "Publishers aren't overpaying anymore. They know they'll just break even if they pay $50,000 and sell 20,000 copies in hardcover, which few books ever do."
I realize if I'm "overpaid" I'll earn $50,000 minus $7,500 agent commission. That's $42,500 for three years' work."
either way, this is a pretty devastating look at how authors get treated by the publishing business...and just another piece of evidence as to why i think self-publishing is a better option...
