Matt Lauer won't get multimillion-dollar payout from NBC, report says


Fired NBC host Matt Lauer’s contract called for him to receive tens of millions of dollars, but it doesn’t look like the network will be paying him another dime after firing him for sexual misconduct in the workplace.

>> Matt Lauer responds to sexual misconduct allegations

The former “Today” personality “will not be paid past his last day of work,” according to a senior NBC source who spoke with CNN on Friday.

Rumors have been swirling that Lauer’s lawyers would likely fight for him to get a large payout. It was predicted that the payout could be around $30 million, considering the fact that he made about $20 million a year to host “Today” and that his contract had been extended through the first half of 2019. According to the source, however, the network will not agree to a payout, as television news contracts typically include a morals clause.

>> On Rare.us: Geraldo Rivera responds after Bette Midler accused him of groping her 40 years ago

It’s also unlikely that Lauer himself will lobby too hard for the payout, according to two people close to him, given that he has likely already been paid well over $100 million during his time at NBC. He reportedly accepted the network’s decision to terminate his contract and expressed remorse during his firing late Tuesday.

The bombshell news was announced by Lauer’s co-host, Savannah Guthrie, with the help of Hoda Kotb during an emotional episode of “Today” on Wednesday morning. 

>> Read more trending news

The following day, Lauer addressed the controversy in a statement:

"There are no words to express my sorrow and regret for the pain I have caused others by words and actions. To the people I have hurt, I am truly sorry. As I am writing this I realize the depth of the damage and disappointment I have left behind at home and at NBC. Some of what is being said about me is untrue or mischaracterized, but there is enough truth in these stories to make me feel embarrassed and ashamed. I regret that my shame is now shared by the people I cherish dearly. Repairing the damage will take a lot of time and soul searching, and I’m committed to beginning that effort. It is now my full time job. The last two days have forced me to take a very hard look at my own troubling flaws. It’s been humbling. I am blessed to be surrounded by the people I love. I thank them for their patience and grace."


Reader Comments ...


Next Up in Community

Is feeding a cold a real thing? 5 winter health myths debunked
Is feeding a cold a real thing? 5 winter health myths debunked

You've probably heard winter health myths for years and you may have even accepted some of them as fact. From being told to bundle up, so you don't catch a cold to your neighbor swearing he got the flu from his flu shot, these myths make the rounds every winter. Mom always warned you you'd get sick if you didn't bundle up before heading out in cold...
Burt Reynolds: The real reason I walk with a cane nowadays
Burt Reynolds: The real reason I walk with a cane nowadays

For those who’ve wondered about actor Burt Reynolds walking with a cane in recent years, he’s got a simple answer for you: It adds style to a senior’s step. “I have no health issues at all now,” Reynolds told “The Desert Sun” newspaper in Palm Springs, Calif. “I have a cane, which I use, not to hold myself...
Artist illustrated President Trump tweets to help “understand him”
Artist illustrated President Trump tweets to help “understand him”

Shortly after President Trump’s inauguration, cartoonist Shannon Wheeler  was trying to put together a book of his work that had been published in “The New Yorker,” “Mad” magazine and “The Onion.” “But my heart wasn’t in it,” said Wheeler, who said at the time he was still thunderstruck...
Eagles guitarist Glenn Frey's widow files wrongful death lawsuit against New York hospital
Eagles guitarist Glenn Frey's widow files wrongful death lawsuit against New York hospital

The widow of late Eagles guitarist Glenn Frey is suing the New York City hospital that treated her husband before his death in 2016. According to Reuters, Cindy Frey filed a lawsuit Tuesday accusing Mount Sinai Hospital and gastroenterologist Steven Itzkowitz of negligence while treating the musician, who had ulcerative colitis, in late 2015. >>...
Bouquet dianthus reigns supreme for show and cut flowers
Bouquet dianthus reigns supreme for show and cut flowers

This season has been amazing for those of us who have been growing the Bouquet series of dianthus. The flower power of this dianthus is unmatched in the gardening world. I admit there was a little anxiety with the recent winter storm called Benji. Now Bouquet Purple was a Minnesota Select Perennial Plant of the Year, so we know it has excellent cold-hardiness...
More Stories