On Tuesday, it was revealed that Hoda Kotb was officially replacing Matt Lauer as a co-anchor on “Today,” but how much is she making?
Page Six reports that Hoda is earning $7 million a year in the deal, which is equal to what colleague Savannah Guthrie is making.
The two are being paid nearly $18 million less per year than Lauer, who was reportedly making $25 million a year.
A source told the site, “Hoda isn’t complaining about the money. She has landed the big job she always dreamed of, and most definitely deserves. Plus, Matt’s salary reflected the long time he was on the show — 25 years. If things go well, Hoda could ask for more next time if she re-ups her contract.”
Kotb confirmed that she’s not making as much as Lauer, telling People magazine, “that’s not happening.” She added, “I think the whole money thing for me, I’ve always been sort of — I know it sounds ridiculous that I’m going to say this, but I really have done jobs I liked for the job I liked, because I never wanted to be happy every other Friday on pay day. Like, I didn’t want that to be the happy day. I wanted to feel good throughout. So no, I’m not making Matt Lauer money. Not even close.”
Kotb recently told “Extra” that Lauer reached out after learning she had been named his replacement on “Today.” She said, “Matt sent a text this morning saying congrats and that meant a lot, meant the world.”