We just got offered a co-production deal for the TV show.
This is not quite what I wanted, but it's better than a buy-out (which is for chumps - it's a one time fee, and I'd have to sign over my intellectual property rights. Screw that).
What I really wanted was to produce the show ourselves - which would give me a bigger slice of the pie. I have to assume that the show will either never get on the air or will be a mid-season replacement that will air four episodes and then die an unmourned death (call me a pessimist if you like), so I'm trying to get the biggest slice of pie I can. If I produce it myself, then I get more cash. On the other hand, with a co-production deal, I don't get as much, but if the show tanks, I have someone besides myself to blame.
Now begins a phase of legal wrangling in which our hold fee (deposited into an escrow account, of course. No new car for me*) stops us from pitching the show anywhere else - except that we haven't signed anything yet, and since NBC's desperate, I'm going to slip them a copy of a different show using some of the same footage..
I'm greedy and evil, but surprisingly, it's not bothering me.
* When Nigel died, a friend of mine sold me her Explorer for what the scrapyard paid me. I hate Fords, and this one's not changing my mind. Priority one right now is saving enough to get another car.