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Jon Hamm OKs 3-year "Mad Men" deal

Jon Hamm as Don Draper on "Mad Men." AMC

(CBS/AP) LOS ANGELES - "Mad Men" fans can count on seeing another three years of Don Draper.

Jon Hamm, the 40-year-old actor whoi who plays the 1960s advertising executive on AMC's Emmy Award-winning show, has signed a new contract with series studio Lionsgate Television Group.

Pictures: Jon Hamm
Pictures: Critics Choice Awards

Hamm's publicist, Slate PR, said Tuesday that the deal keeps him with the show for three more years.

The actor will receive a substantial raise for the upcoming fifth season of the drama about a Madison Avenue advertising agency. By the contract's final year, he'll earn more than $250,000 an episode, reported, citing unidentified sources.

Hamm had been signed through season six of "Mad Men." The new deal keeps him on board through the seventh season.

Series creator Matthew Weiner signed a contract in March for a sixth season and a possible seventh. Weiner's protracted negotiations delayed the show's return from this year to early 2012.

Hamm has been nominated four times for a Golden Globe - he won once in 2008 - and three times for an Emmy. He was awarded a television industry Critics Choice prize for Best Actor in a Drama on Saturday.