"Today" host Matt Lauer has committed to a new multiyear contract with NBC News, reports the NY Times.
Steve Capus, the president of NBC News, confirmed with the Times Thursday that Lauer had signed what he called "a long-term deal" to continue on the "Today" show.
"Matt is the franchise, and our franchise player has decided to keep leading our team," Capus said. "We're just thrilled to have his considerable skills for many more years."
Because Lauer's current contract was ending, there was much speculation on whether he would stay with "Today" or move on to another position, possibly even joining his former co-anchor Katie Couric in a syndicated talk show.
But Capus indicated the negotiations went very smoothly. "Matt always said he would only continue if he could be all-in. The all-in factor was really key. This is demanding job with a demanding schedule. For him it was a question of lifestyle. As his family is getting older he wants to be able to spend more time with them."
The news will be announced formally on the air during the show Friday morning.