Conan O'Brien, NBC Reach $45Mil Settlement
by TMZ Staff
Conan O'Brien and NBC worked out their final conflict hours ago and have reached a $45 million settlement ... and we've learned it's a sweeter deal for Conan than anyone thought.
Network sources tell TMZ the "mitigation" clause was taken off the table. Translation -- Conan will get a severance of $32.5 million, regardless of whether he gets another hosting gig. Not bad for seven months work.
As we first reported, NBC will pay $7.5 million to Conan's "Tonight Show" staff -- and our sources believe the network added several thousand more to the pot at the last minute.
In addition, NBC will pay a whopping $4.5 million to the executive producer.
Conan's last show is Friday. We're told NBC hasn't decided who will replace Conan for the period between Monday and the Winter Olympics.
Well the Giant Red Man has finally negotiated his way out of The Tonite Show and the network has seemingly tied itself to aging chin Jay Leno for the forseeable future. So no more masturbating bear, Chuck Norris clips or anything else Conan did (I never watched the show). What I wonder is whether Jay will immediately return to the #1 spot when he goes back to 11:30. Dave has built his following post sex scandal and with the negative sentiment swirling around Jay, I'm not sure if Dave will lose a step.
What's next for Conan? Possibly a budding basketball career. I'd love to see him take on Shannon Brown in the Dunk Contest.
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