NBC source: No Lauer payout

Former ‘Today’ host seeking remainder of current contract

LOS ANGELES — NBC is standing firm against giving fired “Today” host Matt Lauer a payout on the multimillion-dollar salary he’s leaving behind, according to a person at the network.

Lauer, said to have earned around $25 million a year, reportedly is negotiating to receive the remainder of his salary for the current contract that runs through 2018 and made him one of TV’s highest-paid journalists.

But NBC won’t agree, said the person, who spoke Friday on condition of anonymity because a personnel matter was involved.

Some NBC News employees who raised the question of Lauer’s compensation at a staff meeting were told that he was fired “for cause” and wouldn’t be paid beyond his last day worked, according to a Variety report Friday.

A representative for Lauer didn’t immediately respond to a request for comment.

Also Friday, NBC News Chairman Andrew Lack said an internal review into Lauer’s alleged sexual misconduct is underway, including how it happened and why it wasn’t stopped earlier.

In a company-wide memo released publicly, Lack said those are among the questions NBC employees are asking in the wake of the “Today” host’s firing for what Lack labeled “appalling behavior.”

A team of NBC Universal legal and human resources leaders have started a “thorough and timely review” of what occurred and how the company can foster greater transparency and mutual respect, Lack said in the memo.

“At the conclusion of the review we will share what we’ve learned, no matter how painful, and act on it,” he said.

His memo didn’t address if the report will be made public. NBC News publicists didn’t immediately respond to a request for comment.