Matt Lauer is looking at a rather large payday after getting fired from NBC after being accused of (and admitting to) sexual assault.
According to reports, his lawyers are looking to get him $30 million, based on the remainder of his $20 million a year contract — which has a year and a half left.
via Page Six:
A source close to Lauer’s team said, “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.”
Moral clauses are often included in TV contracts and specify that talent could be fired without pay if they bring the company into any disrepute. There’s a good chance Matt won’t be getting anything.
Another TV insider said, “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.”
We’ll see what happens.