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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

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106.

jus'sayin    

NBC sucks-what is wrong with them? So many scams they have pulled! They need to be boycotted! Bad business!

1683 days ago
107.

jus'sayin    

HEY 108 susie, who are you Jays wife? You are wrong!

1683 days ago
108.

stan    

I believe even a nerd like Conan capable of screwing around on wife. Let's face it, think he got a lot of women to sleep with him before he had money - 1,000's just like Wilt Chamberlain. Just sex, but whoever making vids like this - getting this lady all hot and bothered. If more of you guys would cut-out football, and fantasize about hot Playboy cyber girls like me - u get in my panties. But whoever made this great vid, I f..k his brains out!! I know, that don't motivate at lot of you over active couch pots!! So shouldn't wonder why hot babes don't want to sit on your lap; hard to find when 500lbs. Penis, impossible to find -
http://www.youtube.com/watch?v=T82Ot04aqNw

1683 days ago
109.

jus'sayin    

Johnny would roll over in his grave-

1683 days ago
110.

Reggie in Atlanta    

This is becoming Biggie-Tupac 2010. East Coast vs. West Coast.
I'm sure Letterman hopes it ends the same way.

1683 days ago
111.

Smelly Jelly    

$32.5 million is a bargain. Conan must have the worst lawyers in the country.

He's now forever tainted as the guy who could not deliver at the 11:30 PM time slot. He's seriously damaged goods and NBC is buying him off for a song.

1683 days ago
112.

Wellington    

Wow, a lot of Conan fans certainly are a bunch of sore heads who really don't care what the facts are, or maybe they're not big enough to admit when they're wrong.

Conan had no sympathy for Jay when the suits came into Jay's office to tell him they were going to give Conan the Tonight Show because that's the price Conan was demanding to stay at NBC. This even though Jay's ratings had been #1 for years. IMO that was pretty ruthless on Conan's part even though Jay has cut him slack by saying he doesn't blame Conan.

The suits when on further to tell Jay they didn't think he could maintain the #1 rating. Ahh, another shrewd assumption on their part which was 100% wrong. When Jay announced his retirement it was retirement from the Tonight Show not show biz. He had no intention of retiring from show biz.

On top of that the suits wouldn't even let him out of the remainder of his contract and instead came up with the stupid idea of putting him at 10:00 guaranteeing him 2 years. So Jay accepted and kept 175 people on his staff working and with jobs.

Then Jay's ratings didn't work out and Conan's ratings didn't work out. The suits make another trip to Jay's office and told him they were canceling the 10:00 show. Jay then asked if he could be let out of the remainder of his contract. The suits said "no", and instead said they wanted him to go to 11:35 and bump Conan back 30 minutes. Jay asked if Conan would go for that. The suits told him yes no problem. Jay wasn't thrilled with the idea but said yes and it would keep his people working. Then when Conan refused to go to 12:05, the suit came back and asked Jay if he would take the Tonight Show back. Jay said yes, if that's what Conan wanted to do.

If anyone here wants to dispute that something different than that went down, they better have facts to back it up. It's not enough to say, "I don't like Jay therefore, this is how I think it went down" and state that as fact.

It's galling to me to hear the ageism many Conan fans and some celebrities are engaging in. I put ageism in the same category as racism, sexism, and homophobia. It shouldn't matter what age someone is, whether 18 or 80, as long as they're doing their job well. This attitude comes out of Hollywood where most female actors can't get work after they hit 40.

It only shows that their values have been shaped by Madison Avenue and the entertainment community. No real world values are in play.

1683 days ago
113.

catepelose    

I will not support any actor or musician that goes on The Tonight Show with Jay Leno.

1683 days ago
114.

Megan    

BULLCRAP! LET CONAN TAKE HIS CREATIONS!

1683 days ago
115.

livie    

Honoring promises, contracts and having a little patience and compassion are real world values. NBC lacks all of the above. Conan was not given the same opportunity to build his new audience at The Tonight Show as was given to Leno when he began. Plain and simple... NBC has no idea what they're doing and no moral or business standards to back it up.

1683 days ago
116.

Mary    

If he is wise, he'll take that money (never have to work another day in his life) and raise his children in beautiful Canada

1683 days ago
117.

Tiger's Help Sucks Too    

Oh, poor Conan? What will he do without Triumph the Insult Comic Dog and the Masturbating Bear? Dare I say, his new show on Fox (cough cough) network will feature "Fido the Insult Comic Dog" and the "Masturbating Bunny"? And Conan will pat himself on the back and think he's oh-so-smart and oh-so-funny. And so will his drooling sheeple fans.

1683 days ago
118.

Woody McBreairty    

Take your 32.5 million (and add it to your existing 100s of millions) and move on Conan - show a little class....if you can

1683 days ago
119.

Dorinha    

For every Masturbating Bear, there's a Dancing Ito.

1683 days ago
120.

Heather    

Now here is the million dollar question - How much of that 32 million is he going to donate to the people in Haiti

1683 days ago
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