Matt Lauer Reportedly Pursuing $30 Million Payout From NBC After Sexual Misconduct Allegations

Lauer and Bill O'Reilly (also recently disgraced by sexual misconduct allegations) were the two highest paid news anchors on television.

Matt Lauer has faced a bevy of accusations pertaining to sexual misconduct, leading to his firing from NBC. Lauer has since offered an apology, describing himself as "embarrassed and ashamed. I regret that my shame is now shared by the people I cherish dearly." Although Lauer also said in his full apology that "some of what is being said about me is untrue or mischaracterized."

Now, Lauer is reportedly pursuing a $30 million payout from NBC over his termination.

More specifically, Lauer could be looking into having the remainder of his $20 million a year contract — which still had a year-and-a-half left before renegotiation or renewal — paid out.

“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," said a Page Six source.

It remains unclear if Lauer's contract contained any kind of specific clause that would prevent him from receiving a payout given the circumstances of his firing.

“There is no way Matt is getting paid. There has been an irrevocable breach of Matt’s contract, there is a moral clause that says if he brings the company into disrepute — which he clearly has — NBC can terminate his employment immediately without pay and they do not have to pay out his contract," added a different, unnamed Page Six source.

Reps for Lauer have not commented on the situation.

TIME notes that Lauer and Bill O'Reilly (also recently disgraced by sexual misconduct allegations) were the two highest paid news anchors on television. Lauer's worth has been estimated at around $60 million.

[Photo: Getty Images]

Crime Time is your destination for breaking crime news, original reporting, and information about Oxygen's programming. Sign up for our Crime Time Newsletter and subscribe to our Martinis & Murder podcast!

All Posts About:
Breaking News

You May Also Like...

Recommended by Zergnet