Matt Lauer will continue to co-host NBC's "Today Show" for several more years, according to reports.
The network has given the anchor a multi-year extension, according to The New York Times, but the terms of the deal haven't yet been publicized.
Lauer's current contract was set to expire in the coming months, but after re-upping he'll be around for at least a few more.
Despite recent controversies at the show, in particular the firing of co-host Ann Curry and a big drop in the ratings, NBC News president Deborah Turness said in a statement that she wouldn't want anyone else for the job.
"We couldn't be more thrilled with Matt's decision," Turness said in a statement. "As I've said many times before, he's the best in the business, and there is nobody I would rather have in the Today anchor chair than Matt."
Lauer's current co-host, Savannah Guthrie, is currently on maternal leave, and Lauer's former co-host Katie Couric is reportedly set to fill in temporarily this summer.
"I consider this the best job in broadcasting. I love people I work with every day and I have such respect and gratitude for the people I work for. I couldn't be happier to be staying," Lauer said in a statement.
According to TMZ, Lauer made around $30 million in his last deal.