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Conan O'Brien

Scores $32.5 Mil

from NBC

1/19/2010 12:45 PM PST BY TMZ STAFF

Conan O'Brien, The Tonight ShowConan O'Brien is losing "The Tonight Show" but he'll be getting a $32.5 million consolation prize courtesy of NBC ... sources tell TMZ.

In return, we've learned Conan has agreed to sit on the bench until September. Translation -- he can't host another show until the fall.

In addition to the $32.5 mil, we've learned NBC is also paying severance to Conan's "Tonight Show" employees. In all, we're told NBC's payout is around $40 million.

But Conan probably won't see close to the $32.5 mil. Under the deal, any money Conan makes during the remaining contract period with NBC will offset the network's obligation. So, if Fox were to make a deal with Conan and pay him $25 mil during the NBC contract period, Conan would only score $7.5 mil from NBC.

One well-placed NBC source told us something surprising -- looks like NBC may keep its intellectual property rights. So Conan can't take his creations -- such as Triumph the Insult Comic Dog and the Masturbating Bear -- to his next gig.

We're told the Conan/NBC deal still isn't completely done, but it's very close.

168 COMMENTS

No Avatar
61.

Jeff    

I notice that all the COCO Nuts tend to use the word DOUCHBAG somewhere during their comments.
I guess the use of this word in comment after comment sort of fits with the type of person who thinks that masturbating bear jokes "rocks".

1649 days ago
62.

Sharona    

Probably the best money NBC has ever spent getting rid of that "hilarious" man. He is only funny in his own mind. He has no one to blame but himself for this. It was not NBC's fault that his ratings suck. Conan should join Letterman. They each think they are so funny. This way he might help Letterman keep "little Davie" in his pants.

1649 days ago
63.

Penis Hilton    

On the record, I'm willing to bet that the masturbating bear joke originated from a 1970s porn film called Marathon, where at an orgy costume party a guy was dressed in a bear suit jacking off. What that probably means is that Conan may well have been waxing Mr. Weasle when he first came up with the joke.

1649 days ago
64.

king    

The answer is to cancel SNL and give Saturday nights to Leno for a new chat show with a more casual, creative atmosphere . . . think "Playboy After Dark" for a model. Then everybody's happy.

1649 days ago
65.

GB in HK    

As I recall, David Letterman was threatened by NBC if tried to take his intellectual property with him to CBS. Surely, there'll be a "Top Ten List" of reasons Conan need not be scared of Ice Man Zucker and his suits.

1649 days ago
66.

kromen    

Conan should sign a deal with Fox for one dollar, until his NBC deal runs out. Make them bastids pay thru the nose. LOL

1649 days ago
67.

Darlene    

I dont think he deserves a dime!!

1649 days ago
68.

Scott    

Does NBC know what they are doing anymore? So many bad decisions. I feel so bad for Conan. They did him wrong and they lost a great talent. I go where he goes.

1649 days ago
69.

Chappaquiddick    

Tired of hearing about this, and don't care any more what they do. I don't watch either of them anyway, it's strictly Letterman for me.

1649 days ago
70.

exbff    

if I were fox (or whatever network he's going to sign with), I'd pay him $1 per year through the end of his NBC contract - with a HUGE bonus due the day after the last NBC check is cashed.

Make Zucker may every penny.

1649 days ago
71.

horndog    

Our long national nightmare is finally over.

1649 days ago
72.

sarah    

Hire 200 people to make you sound funny; collect 32+ million dollars when you QUIT; and you still ain't even close to being funny, then screw over the peeps that worked for you!!
A true American hero...nice going Conan, you 2 faced douche.
The "cool" college kids love you? That's our leaders of tomorrow?
I'll pass

1649 days ago
73.

Artrina    

So if NBC doesn't have to pay Conan what another network does the next network can low pay him so NBC gets screwed again.

At least it looks like NBC is taking care of Conans staff decently.

1649 days ago
74.

smb    

Clear definition of NOT WANTED: Paying millions to make you go! Good riddance, ConAss.

1649 days ago
75.

Pruney    

one word, conanoscopy

1649 days ago
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