Tamron Hall Quits NBC After Being Offered a Contract to Stay — Before Megyn Kelly's Arrival

A source familiar with the situation tells PEOPLE that Hall was offered a multi-year, multi-million dollar contract to remain with the network but chose to leave

Tamron Hall is leaving NBC News and MSNBC when her contract expires this month, the network announced Wednesday.

“Yesterday was her last day as an anchor on both networks,” reads a statement from NBC News. “Tamron is an exceptional journalist, we valued and enjoyed her work at Today and MSNBC and hoped that she would decide to stay. We are disappointed that she has chosen to leave, but we wish her all the best.”

“The last 10 years have been beyond anything I could have imagined, and I’m grateful,” Hall, 46, said in a statement released via the network. “I’m also very excited about the next chapter. To all my great colleagues, I will miss you and I will be rooting for you.”

Hall joined MSNBC and NBC in 2007 and became part of the Today team in 2014 as a co-anchor of Today’s Take, the morning show’s third hour. Hall also anchored MSNBC Live, a daily news program airing at 11 a.m. on MSNBC.

RELATED VIDEO: The Story Behind the Story: Tamron Hall Opens Up About Her Sister’s Unsolved Murder

The news comes less than a week after PEOPLE learned that Megyn Kelly, who left Fox News last month for a new role at NBC News, is set to host an hour of the Today Show, replacing the slot held by Hall and her co-anchor Al Roker. The news came as a surprise to several fans, who took to Twitter to voice their disappointment.

Kelly will either take over Today’s third hour, or will take over Kathie Lee Gifford and Hoda Kotb‘s 10 a.m. slot. If Kelly, 46, takes over the fourth hour, Gifford, 63, and Kotb, 52, will be bumped up to the 9 a.m. slot.

According to the network, Roker will continue host the third hour until the new morning lineup begins this fall.

In addition to her work on the morning show, Hall has also worked to bring awareness to domestic violence, highlighting the issue on Deadline: Crime with Tamron Hall, which airs on Investigation Discovery. She has earned an Edward R. Murrow Award for a story that aired on NBC News, as well as an Emmy in 2010 as a member of NBC News’ live inauguration coverage.

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