When Jamie Lynn Spears drops the papoose next July, OK! Magazine wil be there with a digital camera and a check for a cool million. The tab mag that blew the lid off the teen pregnancy scandal has agreed to cough over $1 million for a photo shoot featuring Jamie Lynn Spears and her newborn baby once the child is born.

TMZ reports:

We’re told Jamie and mom did not want money, but OK! has agreed to pay $1 million to the younger Spears for a photo shoot when the child is born. Why so little when others have commanded several million? We’re told it’s because Jamie Lynn is not an international star and it’s not worth it to the mag to pay big bucks for something they can’t sell overseas.