Matt Lauer is reportedly seeking $30m following his termination from NBC -but the network won’t pay him a brass razoo.
The Today host was making anywhere from $20 million to $25 million a year and still had 18 months left to run.
But Lauer’s contract also included a morals clause and the network will not pay beyond his last day. This contrasts with payouts given to Roger Ailes and Bill O’Reilly both reaching settlements worth tens of millions of dollars with left FOX News Channel several months ago.
Two people close to Lauer expressed doubt that he would play hardball with his former network. Given reports about his yearly salary over the past decade, he has likely already been paid well in excess of $100 million during his time at NBC. He has multiple properties and investments.
In a statement this week, Lauer said he was “truly sorry” for the pain he has caused.