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Our good friends Brian Selter at The New York Times is reporting that his old pal Keith Olbermann has gotten a new contract which extends Olbermann past the 2012 election and about doubles his current salary.
MSNBC essentially tore up his Feb. 2007 contract (reportedly worth up to $4 million a year) and wrote a new one, according to two employees with knowledge of the agreement. The new contract is valued at about $7.5 million a year, one of the people said.
Mr. Olbermann will continue to anchor “Countdown” and co-host NBC’s “Football Night in America.” Reinforcing Mr. Olbermann’s value to MSNBC, the network said he would “play a prominent role” in “all major news events.”