Craig Ferguson's $5 Million 'Late Show' Consolation Payment Is Worse Than These 6 Game Show Prizes

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On Thursday, CBS announced that Stephen Colbert will replace David Letterman as host of The Late Show and while everyone was busy debating which version of Colbert we'll be seeing every night, another important comedian was cast aside. Craig Ferguson has hosted The Late Late Show since 2004 but instead of following NBC's lead and replacing the 11:30 host with his 12:30 counterpart, CBS looked outside the network for a replacement.

Ferguson did have a sort of insurance policy in case this happened. As dictated by his contract, Ferguson got $5 million for being passed over for The Late Show. It doesn't seem like too bad a deal, getting $5 million without doing anything, but keep in mind that actually getting the job would have brought Ferguson much, much more over time, and in 1993 when then-Late Night host Conan O'Brien was passed over for The Tonight Show, he got $10 million.

So when you think about, not such a great consolation prize, huh? In fact, game shows have given away better prizes than that. Here are some consolation prizes that would've been better than Ferguson's $5 million.

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