Palin's contract with Fox News is up, and the news today is that Fox is not renewing.

Palin, who was paid a reported $1 million per year as a contributor to FOX since mid-January 2010 when FOX announced her signing, may not have made quite the splash her employers had hoped during this three-year period, and would, on occasion go weeks between appearances.

So, did the network get their money's worth?

A Smart Politics review of the more than 150 FOX broadcasts in which Sarah Palin appeared as a paid commentator from 2010 through 2012 finds that she spoke 189,221 words on air during this span, for an average pay rate of $15.85 per word.