Conan O’Brien is nearing a deal to split with NBC’s Tonight Show for a $40 million payout, according to The Wall Street Journal. The deal would end the ugly dustup that has ensued since the network announced plans to move Jay Leno back into the 11:35 p.m. timeslot after his prime-time berth tanked in the ratings. O’Brien’s deal would reportedly bar him from (further) disparaging the network, but would allow him to land somewhere else in less than a year — instead of making him sit out the remaining two-plus years on his contract.

Related story: On Monday night, Jay Leno addressed his planned return to ‘The Tonight Show,’ ongoing negotiations with Conan O’Brien