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Hoda Kotb Is Going to Be Paid Way Less Than Matt Lauer Was for 'Today'

Evan Agostini/ AP Photo

Lauer was reportedly making $25 million a year in his anchor position.

According to Page Six, Hoda Kotb will be making way less than Matt Lauer as his replacement on Today. Specifically, $18 million dollars less.

Kotb was appointed Lauer's replacement (after his position was terminated following allegations of sexual harassment) on Monday, making history as the new addition to the show's first-ever all-female lineup.

Lauer was reportedly making $25 million a year in his anchor position--as opposed to the $7 million a year Page Sixsays Kotb has been offered.

A show insider told Page Six: "Hoda isn't complaining about the money. She has landed the big job she always dreamed of, and most definitely deserves. Plus, Matt's salary reflected the long time he was on the show -- 25 years. If things go well, Hoda could ask for more next time if she re-ups her contract. But the figures underline the huge wage disparity at NBC News."

Related | Iceland Has Outlawed Paying Women Less Than Men

Just Monday, Iceland became the first nation in the world to make pay inequity illegal.

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