Denied! Matt Lauer Will NOT Receive Payout From NBC After Bombshell Firing
- 6 years ago
NBC will not be giving Matt Lauer a payout, despite his lawyers attempts to get the shamed Today anchor paid $30 million after his bombshell firing.
The 59-year-old "will not be paid past his last day of work," a senior NBC source told CNNMoney on Friday.
News of no settlement comes just one day after reports surfaced that lawyers for Lauer, who still has a year-and-a-half left of his $20 million contract, were working on at least getting him paid out through the remainder of his original agreement with the network.
“They are currently looking at his contract and determining whether the claims against him, which clearly would affect any moral clause in his contract and his ensuing termination would cut off his contractual rights to be paid through to the end of his contract,” an informant close to the situation dished to Page Six.
admitting to the accusations — though claims some of the allegations against him were “untrue or mischaracterized.”
PHOTOS: Sexting, Cheating & Bad Behavior: Inside Matt Lauer’s Most Shocking Sex Scandals
“There are no words to express my sorrow and regret for the pain I have caused others by words and actions,” the former NBC host said. “To the people I have hurt, I am truly sorry.”
“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.”
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The 59-year-old "will not be paid past his last day of work," a senior NBC source told CNNMoney on Friday.
News of no settlement comes just one day after reports surfaced that lawyers for Lauer, who still has a year-and-a-half left of his $20 million contract, were working on at least getting him paid out through the remainder of his original agreement with the network.
“They are currently looking at his contract and determining whether the claims against him, which clearly would affect any moral clause in his contract and his ensuing termination would cut off his contractual rights to be paid through to the end of his contract,” an informant close to the situation dished to Page Six.
admitting to the accusations — though claims some of the allegations against him were “untrue or mischaracterized.”
PHOTOS: Sexting, Cheating & Bad Behavior: Inside Matt Lauer’s Most Shocking Sex Scandals
“There are no words to express my sorrow and regret for the pain I have caused others by words and actions,” the former NBC host said. “To the people I have hurt, I am truly sorry.”
“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.”
We pay for juicy info! Do you have a story for RadarOnline.com? Email us at tips@radaronline.com, or call us at 800-344-9598 any time, day or night.