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Report: ESPN Paid Joe Theismann $4 Million to Stop Working There

Harry Jaffe of The Washingtonian has an interesting interview with Joe Theismann, the former Redskins quarterback and former ESPN broadcaster who lost his job early this year when the Worldwide Leader decided to re-tool Monday Night Football and put Ron Jaworski in the broadcast booth.

But the most interesting part of Jaffe's report comes from something Theismann can't actually talk about: His financial arrangement with ESPN. According to Jaffe, getting rid of Theismann wasn't cheap for ESPN:

In the middle of our first interview, his assistant, Sandy Sedlak, slid settlement papers across the table for Theismann's signature. His deal with ESPN was $8 million for five years. He was less than two years into the contract.

I asked what the settlement was worth. "Can't say," he responded. About $4 million is a good guess.

Theismann did smile when he signed the papers.

Yeah, I'd smile if I were getting paid $4 million not to work, too. How much does your employer have to want to get rid of you to pay you $4 million to go away? Apparently a lot, but it's not hard to picture Jaworski drawing in enough extra viewers to make it worth the money for ESPN.
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