NBC Not Planning to Pay Out Matt Lauer's Salary

Photo by hollywoodreporter.com

Lauer was terminated “for cause,” which suggests that the network does not have to buy out his contract.

NBC will not be on the hook for the remainder of Matt Lauer's handsome contract, according to a network source.

Because Lauer was terminated "for cause," NBC won't have to pay out the rest of his reportedly $20 million-per-year deal.

Lauer's contract runs through 2018

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