NBC News source says Matt Lauer will not receive a payout

CNN – BRIAN STELTER

Matt Lauer’s contract called for him to be paid tens of millions of dollars. But NBC doesn’t expect to pay it now that he’s been fired.

Lauer “will not be paid past his last day of work,” a senior NBC source told CNNMoney on Friday.

Questions have been swirling about the possibility because the New York Post published a story on Thursday that said Lauer’s lawyers have been angling to get him a payout.

New York Post’s headline: “Lauer’s lawyers trying to get him $30M payout after firing.”

The $30 million figure was predicated on the fact that Lauer was paid about $20 million a year to co-host the “Today” show — an extraordinary sum of money that reflects how profitable the morning show is.

Read more at CNN

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