How Much Of A Pay Cut Did Stephen Colbert Take To Move To CBS?
While many artists often leave money on the table to be apart of a "passion project," I would never expect Stephen Colbert to be one of them.
Earlier this week news broke in regards to details of Colbert's contract on his new show, and it seems as if he left a HUGE chunk of change on the table upfront.
At Comedy Central, Colbert was raking in around $6 million per year. For his move to CBS, his three-year deal puts him at $4.6 million per year.
While that is still a lot of money, Colbert left 1.4 million a year on the table each year. While that is still a nice pay day, his annual take is WAY less than his late night counterparts (Fallon makes $12 million per year, while Kimmel makes $10 million).
I guess the opportunity to take over the reigns of the show with David Letterman was too sweet of a gig to walk away from.
I'm sure this deal has plenty of bonus opportunities for Stephen based on the success of the show, which he will most likely hit. If his debut telecast’s ratings are any indication — The Late Show‘s ratings were more than double Fallon’s The Tonight Show on Tuesday night, Colbert will be just fine.