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Today - Season 66
Savannah Guthrie and Hoda Kotb
NBC—NBCU Photo Bank via Getty Images

Hoda Kotb is taking Matt Lauer’s spot on the Today show, but she won’t be taking her predecessor's multi-million dollar salary.

NBC will give both Kotb and her co-anchor Savannah Guthrie significantly lower salaries than that of the recently fired Lauer, the veteran journalists revealed to People.

"The answer is no—that’s not happening," Kotb told the celebrity magazine. "I’m not making Matt Lauer money. Not even close."

Guthrie said she wouldn't be making as much as Lauer either.

Lauer, who was fired from NBC in November for “inappropriate sexual behavior in the workplace,” reportedly signed a $20 million contract in 2016. The female duo, meanwhile, will be making just $7 million a year each, anonymous NBC sources told Page Six.

Kotb and Guthrie are the first female duo to host the Today show. It’s been a major year for other women in media as well. After Lauer's departure, two out of the three highest-paid TV anchors are women: Good Morning America's Robin Roberts and NBC's Megyn Kelly.