American Idol’s Pia Toscano Scores a Record Deal!

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Well that was fast!

Less than 24 hours after her shocking early American Idol exit, season 10 finalist Pia Toscano has scored a record deal, UsMagazine.com has exclusively confirmed.

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The 22-year-old New Yorker — booted from the Fox series Thursday — will record her debut album under the Interscope Records imprint, which is chaired by Idol mentor Jimmy Iovine.

"Pia is being signed to a deal with Interscope Records who are rushing her into the studio to record an album ASAP," a source familiar with the contract talks tells Us. "Starting [Thursday] night after the show, Interscope told her they wanted her and first thing [Friday] morning Interscope brass started calling every top songwriter and producer in town to get an album together and rush release it."

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As for the contract, the insider says, "Papers are being finalized. It's basically a done deal. She's signing. They rushed everything but she's so excited."

Though Idol fans are still coming to terms with her dismissal, Toscano — who will hit the road this summer for the Idols LIVE! concert tour — is taking her bad news in stride.

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"You don't know for sure why things happen, but you know, it did!" she told reporters during a Friday conference call. "It was my time to go on the show and I'm excited to see what my future holds."

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