After days of negotiations and lots of jokes later, Conan O'Brien and NBC have finally reached an exit deal. O'Brien will host his last episode of 'The Tonight Show' on Friday.

The details on the deal are still unclear, but a source close to it told The Wall Street Journal that it includes a $32 million payout for O'Brien and $12 million for his staff. It's also being said that it would prevent O'Brien from appearing or hosting other shows for a certain period of time.

"In the end, Conan was appreciative of the steps NBC made to take care of his staff and crew, and decided to supplement the severance they were getting out of his own pocket," said Gavin Polone, O'Brien's manager. "Now he just wants to get back on the air as quickly as possible."

If you can't remember, this all started when NBC's effort to keep both O'Brien and Leno at the network ran aground when Leno's experimental prime-show show drew poor ratings and affiliate complaints that forced its cancellation. When NBC proposed moving Leno back to 11:35 p.m. EST with a half-hour show, O'Brien refused to host "Tonight" at 12:05 a.m.

A recent quip from O'Brien stated, "I just want to say to the kids out there watching: You can do anything you want in life, unless Jay Leno wants to do it, too."