No Payout for Lauer on Rest of His Contract — NBC Source

No Payout for Lauer on Rest of His Contract — NBC Source

The disgraced former Today show host will not be receiving a payout on his $20 million contract with NBC after reports claimed that his lawyers were fighting for him to receive the remainder of his salary even though he was sacked on Wednesday, Nov. 29 for allegedly sexually harassing his female co-workers at NBC. The insider didn't deny that Matt's lawyers would try to fight for him to receive a payout, and the source was adamant that the network would not budge on their decision.

NBC's announcement Tuesday that Lauer was being fired for "inappropriate sexual behavior" meant that the network was cutting loose the popular, long-established star of its highly lucrative morning show.

The sprawling "Today" show franchise makes hundreds of millions of dollars a year in ad sales. The contract ran through 2018. However, the New York Post indicated that it extended through the first half of 2019, leading to the $30 million figure. But the source said the network will not agree to any payout. "Morale clauses" are typical for television news contracts and this case applies. He has multiple properties and investments.

As previously reported, Lauer was sacked by NBC News chairman Andrew Lack late Tuesday, November 28, after a female colleague of the journalist claimed he engaged in "inappropriate sexual behavior in the workplace". A Variety magazine investigation outlined a pattern of alleged salacious behavior, including three women who said Lauer harassed them.

Defense Ministry: North's Hwasong-15 Assessed to be ICBM-Grade
Charles, Mo., on November 29, President Trump referred to North Korean leader Kim Jong Un as "Little Rocket Man" and "sick puppy". The claim was not proven and experts have cast doubt on the country's ability to master such technology.

Repairing the damage caused is his "full-time job", Lauer said. The first story leaked on Monday night, with a woman accusing him of abuse that started in 2014.

After his termination was announced on Wednesday, two other accusers reached out to the network.

Mr. Lack said in the memo, a "team of the most experienced NBCUniversal Legal and Human Resources leaders have begun a thorough and timely review of what happened" regarding Lauer who is being accused of sexual misconduct.

Paying Lauer a huge amount of money on the way out the door would arguably send a contrary message.

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