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In the 36 hours since the surprise announcement that MSNBC fired Keith Olbermann, his abrupt exit from a network he helped transform has raised questions.

Why fire a guy with such undisputed value to the network, a figure who – love him or hate him – became one of the best-known figures of the cable news era?

Insiders say no single event got him axed, but for all his eloquence, on-air presence and broadcasting skill, Olbermann was just too difficult to work with.

According to the Washington Post, Olbermann often clashed with his employers, condemning – often publicly – directives with which he has disagreed.

Comcast’s recent takeover of NBC merely marked the final straw in a long-brewing deterioration between the top brass and the iconoclastic, mercurial pundit.

Neither side was talking about the events that led Olbermann to announce his exit on his show Friday, but a divorce appeared to be long in the making.

His short-lived and bizarre suspension in November for campaign contributions that violated company policy was perhaps a harbinger of things to come.

So what’s next for him now?

 
Olbermann and MSNBC are operating under an exit agreement, the product of lengthy negotiations, that limits, first off, each side from commenting publicly.

Sources say Olbermann’s agent went to NBC looking for a raise for Keith, claiming he was underpaid (compared to his counterparts) at $7 million per year.

NBC would not pay more money and made clear they felt he was “a loose cannon that could not be controlled.” At that point, it was just a question of when.

According to a person with knowledge of the discussions, the agreement also ties Olbermann to a “non-compete” provision but pays his salary through 2012.

He won’t be allowed to appear on a competing TV network for an undisclosed period, but how long that is (three months, six months, a year) is unclear.

The long and short of it? Keith Olbermann saw the writing on the wall with the new owner of NBC and cut a deal for his exit to give him money and options.

Sources say Olbermann may reappear soon “with a presence on the Internet,” and may return to sports broadcasting or commentary in some capacity.

Don’t expect a return to ESPN, with which Keith parted on terms as bad as these if not worse. But the avid baseball fan could resurface elsewhere.

As for a return to TV, you have to imagine it’s just a matter of time. When the non-compete runs out, someone will take a chance on the lightning rod.

Wherever he ends up, a legion of supporters will surely follow, while a fair number of detractors will continue to delight in his toppling from MSNBC.

Here’s Keith’s final Countdown signoff on Friday night …

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