(NEW YORK) — Forget all that talk of Ryan Seacrest replacing Matt Lauer on the Today show.
Lauer will remain with NBC’s morning news program after signing a new, multi-year contract with the network, according to The New York Times, which spoke with NBC News President Steve Capus. The financial terms of the deal have not been disclosed, but TMZ.com is reporting he received close to $30 million per year.
Capus tells the Times, “Matt is the franchise, and our franchise player has decided to keep leading our team.”
An official announcement is expected on Friday’s edition of the Today show. Lauer has co-anchored the morning news program since 1997.
There had been rumors that Seacrest may eventually replace Lauer as co-anchor on the program, since Lauer’s previous contract reportedly was set to expire at the end of the year. Earlier this week, Seacrest announced he will be involved in NBC’s coverage of the Summer Olympics in London.
It’s still possible a spot may open up alongside Lauer, according to TMZ, which claims he no longer wants Ann Curry as his co-host. Allegedly, Savannah Guthrie is in line to take over for Curry.
Copyright 2012 ABC News Radio
Brian Stelter, CNN