Ellen PompeoEllen PompeoThe cast of Grey's Anatomy are hearing the money bell drop.

They've been given huge salary bumps under a new deal.

The show's star Ellen Pompeo - who plays Dr Meredith Grey - will receive the highest pay raise, Reuters news agency reports.

She will rake in a whopping $200,000 per episode.

Her co-stars TR Knight, Justin Chambers, James Pickens and Chandra Wilson have also received pay hikes, taking home $125,000 per episode.

Patrick Dempsey, Sandra Oh and Katherine Heigl are currently still in negotiations.

However, it's rumoured that co-star Isaiah Washington may not receive a raise in light of the recent controversy surrounding his use of a homophobic slur, Reuters reports.

The cast at the 2007 Golden GlobesThe cast at the 2007 Golden GlobesThe cast's salary boosts come in the wake of a reported pay dispute between ABC TV network executives and Katherine back in February.

Grey's Anatomy is in its third season in the US - but they've still got a long way to go to match those Friends stars and their $1m an episode.