Hoda Kotb will reportedly make $18 million less than Matt Lauer did

Hoda Kotb.
(Image credit: Jason Carter Rinaldi/Getty Images)

Hoda Kotb was named as Matt Lauer's replacement on Today on Tuesday, but she will make approximately $18 million less per year than he did, people familiar with the decision told Page Six. Lauer earned an eye-popping $25 million a year on the job, while Kotb will make $7 million a year, the same as her co-host Savannah Guthrie.

Lauer's salary notably "reflected the long time he was on the show," an insider told Page Six. Another massive NBC contract belongs to Megyn Kelly, who joined the network last year and reportedly makes as much as $20 million a year.

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Jeva Lange

Jeva Lange was the executive editor at TheWeek.com. She formerly served as The Week's deputy editor and culture critic. She is also a contributor to Screen Slate, and her writing has appeared in The New York Daily News, The Awl, Vice, and Gothamist, among other publications. Jeva lives in New York City. Follow her on Twitter.