Matt Lauer Tried And Failed To Get A 30M Parting Gift From Nbc

Lauer wanted NBC to pay him for the remainder of his contract, which was worth $20 million a year and still had about a year and a half left before it ran out. Here’s how a source close to Lauer reportedly characterized the situation before it became clear it wasn’t going to happen: A morals clause is a standard piece of a lot of showbiz and media contracts that penalizes the talent in question should they do anything that becomes a publicity nightmare for their bosses – like, say, being accused of sexually inappropriate behavior by multiple people. They usually stipulate that in such an event, the talent can be fired without pay, which is probably what’s happening to Lauer. And that’s as another source in the original story predicted: Whatever Matt Lauer’s next move turns out to be, it looks like he’ll have to make it without a golden parachute from NBC.