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I guess it makes sense now. Apparently Leno's payout would have been 150M if the Jay Leno Show was cancelled and he was fired (assuming he didn't get the Tonight Show back I guess) compared to Conan's 32M payout.
So Leno knew he would get 150M if they tried to cancel his show. I don't really believe the conspiracy theorists that think Jay planned this all along or whatever but I mean thats a pretty big security blanket for someone as "popular" as Leno. Getting that written into his contract pretty much ensures he wouldn't get fired.
IMO, seems like Conan would have been done whether his ratings were better or not.
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