Bill O’Reilly Fox Contract Payout

FILE - In this Oct. 1, 2015 file photo, Bill O'Reilly of the Fox News Channel program "The O'Reilly Factor," poses for photos in New York. O'Reilly responded on his show Tuesday, July 26, 2016, to first lady Michelle Obama's remarks during her speech at the Democratic National Convention Monday that she wakes up "every morning in a house that was built by slaves." O'Reilly said the slaves who helped build the White House "were well-fed and had decent lodgings provided by the government." (AP Photo/Richard Drew, File)

Bill O’Reilly’s forced exit from Fox News is netting him a payout of up to $25 million, two sources with knowledge confirmed to NBC News.

The former Fox News anchor inked a new four-year contract last month guaranteeing he make that much annually, according to a person with knowledge of that deal. The contract did allow Fox to fire him in general if controversy was harming the network, the person added. His severance has not been disclosed publicly, but was part of the agreement for him parting ways with parent company 21st Century Fox, New York magazine journalist Gabe Sherman earlier told TODAY.

His payout would appear to be smaller than that given to former Fox News honcho Roger Ailes, who resigned last summer after facing his own spate of sexual harassment complaints made by female staffers. Ailes — who became the channel’s founding CEO in 1996, the same year O’Reilly joined — reportedly received $40 million as part of his separation agreement. Ailes has also denied wrongdoing. While O’Reilly was a star of the network, bringing in about 3.9 million viewers a night in recent months, Sherman said the accusations became too much — and even 21st Century Fox Chairman Rupert Murdoch could no longer justify keeping him on.

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