Hachette Book Group has reached an agreement to publish former U.S. President Joe Biden’s presidential memoir, offering an advance of about $10 million, according to people familiar with the contract cited by the Wall Street Journal. The book is expected to cover Biden’s 2021–2025 White House tenure; neither a title nor a publication date has been set. The reported payout is well below the record-setting $60 million received by Barack and Michelle Obama for their memoirs in 2017 and the roughly $15 million advance paid to Bill Clinton for “My Life” in 2004. Biden, 82, will be represented by Creative Artists Agency, which also handled his 2017 bestseller “Promise Me, Dad.” The deal extends a longstanding U.S. publishing tradition of presidential retrospectives that often command eight-figure sums. Industry observers noted that the timing of Biden’s manuscript could be influenced by his ongoing treatment for an aggressive form of prostate cancer, disclosed publicly in May.