The greatest track and field athlete of all time is likely to earn upwards of a million dollars as the star attraction in the inaugural edition of the Nitro Summer Series in Melbourne in the week of Feburary 5-11.
The series will involve up to eight teams representing countries and regions.
With the meets taking place so early in the year, the 30-year-old Bolt is likely to only contest relays.
But his signing is still a massive coup for Athletics Australia (AA) and the Victorian government.