JAMIE SPEARS asked for $2 million in exchange for exiting BRITNEY’s conservatorship. It sounds like a shakedown, but of course, Jamie calls it compensation.

He says the money is for various duties he performed, like handling media attention and doing his “best to keep current” with the music business. He also wants attorney’s fees.

But Britney’s not having it. Her attorney says, “Mr. Spears’ blatant attempt to barter suspension and removal in exchange for approximately $2 million in payments, on top of the millions already reaped from Ms. Spears’ estate by Mr. Spears and his associates, is a non-starter.”

He added, “Regardless of the past, Mr. Spears and his counsel are now on notice: the status quo is no longer tolerable, and Britney Spears will not be extorted.”

He also wants Jamie out ASAP. “Britney Spears’ life matters. Her well-being matters. Every day matters. There is no basis to wait.”

Sounds like a very concerned and loving father.

— Jenn