Charlie Sheen and Angus T. Jones

Two and a Half Men star Angus T. Jones just got one heck of a 17th birthday present, according to

See photos of the Two and a Half Men cast

The young actor has reportedly signed a contract for 26 episodes at $300,000 per episode. The deal guarantees Jones $7.8 million over the next two seasons, plus a $500,000 signing bonus, making Jones the highest-paid child actor in the business.

That deal, which was actually signed in May, according to TMZ, is likely to almost double, as the 26-episode stipulation is only a guaranteed minimum. That number could be increased to as many as 48 episodes at the same rate.

Charlie Sheen returning to Two and a Half Men

Jones' reported payday follows that of co-star Charlie Sheen, who plays Jones' uncle on the CBS hit sitcom. Sheen's deal was reportedly for $2 million an episode, guaranteeing him at least $52 million over the next two seasons.

A call to Jones' agent and e-mails to CBS and Warner Bros., which produces the show, were not immediately returned.