The Wall Street Journal is breaking this morning (Thursday) that it is confirmed that Conan O’Brien has signed a separation agreement with NBC, ending his long time connection with the network. According to WSJ.com:

While details on the final agreement were unclear, the deal was expected to include a payout of about $32 million for Mr. O’Brien and about $12 million for his staff. It is also believed to include a nondisparagement clause, both for the 46-year-old comedian and NBC. The deal has been said to include a provision that would bar or limit Mr. OBrien from appearing on other shows or hosting his own show for a period of time, according to people familiar with the negotiations.

“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, Mr. O’Brien’s manager. “Now he just wants to get back on the air as quickly as possible.”

The Tonight Show - Jan. 20, 2010

Last night, Conan made more news with a bit that reportedly cost his soon to be former benefactor $1.5 million. He bought a Bugatti Veyron Mouse and gave it giant whiskers and ears, while playing the Rolling Stone’s “Satisfaction” with it’s accompanying high licensing fees as a soundtrack underneath.

No word yet on how long Conan will have to wait to get back to television comedy.