Matt Lauer Extends ‘Today’ Contract With NBC

NBC and Matt Lauer have worked out a deal with the “Today” show, but we don’t know if the host gave in or if the network had to come up with more money. Either way, the network isn’t saying much more.

On Friday’s show, the highly paid cohost announced he would remain on the show, confirming a published report the day before that said he had concluded a new deal. His old contract was set to expire at the end of this year, touching off speculation of what that might mean for TV’s No. 1 morning show.

However, NBC would say only that Lauer’s extension is a “multi-year” deal; the network also did not issue a release, an unusual step for such a high-profile talent. His pay is believed to have increased from $17 million to $25 million per year, making him among the most handsomely compensated hosts on TV.

“This is my family. I love this job,” Lauer said on the air. “I love working with you guys and all the people behind the scenes. I’m excited. Let’s keep going.”

Lauer has been the cohost of “Today” since 1997. He joined the program as a news reader in 1994.

What do you think of Lauer on the “Today” show?

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