The morning show host - who was removed from the network last year after making controversial comments on air - will be paid the remainder of her reported $69 million contract in the deal, the remaining value of her three-year contract.
Kelly's exit from NBC was greeted on social media with a mix of celebration and critical barbs directed at the network.
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An insider also revealed that the broadcast will rely heavily on music thanks to the success of films such as A Star is Born . Jimmy Kimmel said he was paid $15,000 to host last year's show, so it's doubtful Whoopi is offering for monetary reasons.
"I know too much that others don't know", Kelly said in an interview with Us Weekly.
Megyn Kelly and NBC have officially split, but not before she walks away with a fortune.
Kelly was midway through a lucrative contract that paid her US$69 million over three years - an eye-popping sum even in the context of United States television news.
The episode with Trump accusers had more than 2.9 million viewers, one of her biggest audiences on the network. She also briefly hosted an evening newsmagazine that didn't catch on with viewers. "You do get in trouble if you are a white person who puts on blackface in Halloween or a black person who puts on white face for Halloween. Back when I was a kid, that was OK, as long as you were dressing up as a character".
The exact terms of Kelly's negotiations are unclear.
Prior to her tenure at NBC, she spent over a decade in various roles at Fox News. Her remarks prompted the suspension of her hour on NBC News' flagship program "Today", but network executives had already been feuding with her over disappointing ratings and the show's editorial focus.