She and co-anchor Savannah Guthrie told PEOPLE magazine they were not expecting big pay bumps.
Kotb and Guthrie will both be paid the same amount, NBC sources told Page Six: $7 million a year. Lauer made $25 million a year when he was fired in November for inappropriate sexual behavior.
“…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,” she told PEOPLE.
Kotb will continue hosting “Today’s” fourth hour with Kathie Lee Gifford. It will be the first all-female team headlining “Today” in the show’s 65-year history.