Craig Melvin, 45, will be taking over for “Today” anchor Hoda Kotb when she steps down. The move will give him a big salary bump, as Us Weekly reports that he’ll make about $5 million to $6 million in his new role. He allegedly makes $3 million per year now.

After Craig Melvin was announced as Hoda Kotb’s replacement as co-anchor of Today, the team, including Savannah Guthrie and Jenna Bush Hager, reacted.

The NBC anchor and broadcast journalist will permanently replace Kotb after she leaves the program. NBC News anchor and broadcast journalist Craig Melvin will replace longtime morning TV staple Hoda Kotb on The Today Show,