Breaking news! From Matt Drudge! Don Imus has a deal! Woo-hoo! Reports the fedora'd one:

Radio host Don Imus has agreed to settle his contract with CBS for $20 million, and a non disparaging clause, legal sources claim. The move opens the possibility Imus will soon return to the airwaves — on WABC in New York! [Top radio executive strongly dismisses Imus will be offered WABC slot] Developing…

Hmm. That denouement sounds a little familiar, doesn't it?

UPDATE, 3:06 p.m.: And the AP (via the Times) says it is so.

Imus: $20 Million Man [Drudge]
The Resurrection of Don Imus [NYM]