DONE DEAL: CONAN O'BRIEN (AND CREW) GET $44 MIL TO LEAVE 'TONIGHT SHOW'
It’s official, Conan O'Brien signed a contract to end his 17-year relationship with NBC, collecting $32 million for himself and an additional $12 million for his staff in the split.
The contract includes a "non-disparagement clause," meaning O'Brien's days of making fun of NBC are likely through. And Conan will not be able to pursue other opportunities until September 1st.
Conan's manager says the deal was mutually agreed upon at 1 a.m. PST Thursday. He adds “Now he just wants to get back on the air as quickly as possible.”
The move allows Jay Leno to move back to the “Tonight Show.” He is expected to take over on Monday, March 1st after NBC wraps up its coverage of the Winter Olympics.
RELATED: NBC Gives Conan O'Brien the Reruns
NBC will run Conan O'Brien reruns beginning Monday.
Conan's last day of hosting the "Tonight Show" will tonight (Friday).
The reruns will go through February 11th.