Conan & NBC Officially Split

Tonight Show host Conan O’Brien has officially called it quits with NBC, his manager Gavin Polone confirmed on Thursday morning (January 21). Here’s what’s being speculated about the agreement:

– Conan‘s last show will be tomorrow (January 22) and he won’t be able to work for another network until September 1.

– The Wall Street Journal reports that Conan will make off with $32 million, with an additional $12 million going to his staff.

“In the end, Conan was appreciative of the steps NBC made to take care of his staff and crew, and decided to supplement the severance they were getting out of his own pocket,” Polone told The Wrap. “Now he just wants to get back on the air as quickly as possible.”

NBC has not commented on the agreement yet but is expected to make an announcement later today. It’s expected that Jay Leno will return to Tonight on March 1.