NBC May Have to Pay Jay Leno a Big Penalty If They Dump Him Early
There's been talk that NBC might dump JAY LENO before his contract is up in September of 2014, so that they can hand JIMMY FALLON the reins sooner rather than later. Supposedly, it could happen as early as February.
But TMZ says that's unlikely, because "when Leno renegotiated his contract during the CONAN O'BRIEN mess, he demanded, and got, several penalty clauses that would make NBC take an ENORMOUS financial hit if they pull the plug early."
There's no word how much that payout would be, but supposedly Leno made sure it was an INSANE amount. That way, he could essentially guarantee that he wouldn't be replaced early.