Paul McCartney Olympics Payment: Singer Paid One Pound ($1.57) For Big Gig 07/30/12 02:44 PM ET (HUFF POST)

LONDON -- Don't spend it all in one place, Paul.

London Olympic organizers say former Beatle Paul McCartney and other star performers who took part in Friday's opening ceremony essentially donated their time – receiving a mere pound ($1.57) – for their performances.

The nominal fee was offered to make the Olympics contracts binding – but pales in comparison to the millions big names like McCartney can command for a stadium gig.

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