Matt Lauer won't get his $US30 million ($44m) payout from from NBC News, despite the disgraced US anchor's lawyers arguing he still has a year to run on his contract.
Lauer, who was fired earlier this week following sexual misconduct allegations, will only be paid to the last day he worked , NBC ruled on Friday during staff meeting, reports the New York Post.
According to New York Post offshoot Page Six, lawyers for Lauer had gone through his contract he see if he could get the remainder of his the tens of millions left to run on his contract through to 2018.
But NBC executives told staff that Lauer would not be paid anything extra because he was terminated "for cause".
NBC News Chairman Andrew Lack on Friday said an internal review into Lauer's alleged sexual misconduct is underway, including how it happened and why it wasn't stopped earlier.