Kelly, a former Fox News host, joined the network in 2017 on a large deal and in three marquee roles.
The Hollywood Reporter reports that per the agreement, Megyn will be paid the remaining $69 million dollars, as formerly promised in her three-year contract, and she will no longer be held to a non-compete clause.
It was Kelly's October 23 comments in which she defended the use of blackface in Halloween costumes that seemed to be the last straw, however.
Megyn Kelly has finalized her NBC exit. But NBC canceled her show. "Because truly you do get in trouble if you are a white person who puts on blackface at Halloween or a black person who puts on white face for Halloween". Kelly, 48, asked Jacob Soboroff, Melissa Rivers, and Jenna Bush Hager during a discussion about censoring Halloween costumes. "Like back when I was a kid it was okay if you were dressing up as a character".
Roker, Craig Melvin, Dylan Dreyer and Sheinelle Jones will now officially fill the third hour of the "Today" show created when Kelly's program was axed, an NBC source told People magazine.
Kelly gave a tearful apology on the show the next day.
In a sense, Kelly was caught in a no-woman's land: some at NBC were suspicious of her because of the Fox News background, while her former audience at Fox resented her for tough questioning of Donald Trump on the presidential campaign trail. "Sunday Night with Megyn Kelly" aired just eight episodes in 2017 - the last being a much-criticized interview with Russian President Vladimir Putin.