Lauer is expected to make the news official tomorrow morning on the program.
Newsday reported last month that Lauer was closing in on a new contract in the $25 million a year range. Terms of the new deal were not disclosed, but according to the New York Times the $25 million figure was “complete silliness.”
After Meredith Vieira announced that she would be leaving, rumors swirled around Lauer’s future at the program. Ryan Seacrest came up as a potential replacement, spurring on a funny interview earlier this week. Seacrest announced that he would be contributing to NBC’s Olympics coverage, not mentioning any sort of role on “Today.”
Friday morning update: Video of Lauer’s announcement is after the jump.