That’s a lot of $5 footlongs!

The Subway sandwich chain has cut a deal to pay $20,000 to a Queens man who filed suit after finding a serrated knife baked into the bread of his “cold cut combo” in 2008.

John Agnesini had initially sought $1 million in damages over his disturbing discovery, but bit at the smaller amount when Subway made him a take-it-or-leave offer, according to court papers filed today.

Terms of the Manhattan federal court settlement also require Agnesini, a graphic designer, to abide by a “non-disparagement agreement” with the “Eat Fresh” franchise company.

Spokesmen for Subway didn’t immediately return a request for comment.