Hoda Kotb Is Due for a Big Raise Now That She’s Replacing Matt Lauer on the Today Show

Longtime NBC anchor Hoda Kotb is potentially poised for a big payday after it was announced Tuesday that she would be replacing Matt Lauer as the co-host of the Today show.

The 53-year-old NBC correspondent, who has been co-hosting the Today show's fourth hour with Kathie Lee Gifford since 2008, will now join Guthrie as host between 7 a.m. to 9 a.m. Kotb will also continue co-hosting with Gifford.

Kotb's salary could get a big boost after her promotion.