Report: Matt Lauer Signs Long-Term, Big Bucks Deal to Stay With Today

After lengthy negotiations, Today‘s host with the most, Matt Lauer, has signed a “long-term deal” to remain with NBC’s morning show.

“Matt is the franchise, and our franchise player has decided to keep leading our team,” NBC News president Steve Capus told the New York Times (which broke the news). “We’re just thrilled to have his considerable skills for many more years.”

Lauer’s new deal is reportedly worth roughly $25 million a year.

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It was reported back in December that Ryan Seacrest was in talks to possibly replace Lauer, who had shown interest in leaving Today at the end of his contract. But this Wednesday those rumors were put to rest when the American Idol host dropped by the program with a “big announcement” — that he’d be joining NBC’s summer Olympics coverage — and ended up ribbing with Lauer about all of the apparently false speculation.

A formal announcement is expected to be made on-air during Friday’s Today.

Are you happy Today has secured Matt Lauer for tomorrow and beyond?

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