Matt Lauer joked about Ryan Seacrest’s multiplatform venture with NBC earlier this month, but we doubt the host of the Today show is laughing now. Seacrest signed a new two-year contract with NBCUniversal Friday afternoon that all but declares him the face of the television network. According to the deal, Seacrest will be a “special correspondent” covering news, entertainment, and sports—including this year’s Summer Olympics— and will make appearances on Today. Given the considerable time Seacrest will be dedicating to his work with NBC, the contract stipulates that he step back from some of his on-camera duties at E!, which means kissing goodbye his six-year gig as host of E! News. He will, however, continue hosting and producing E!’s Live From the Red Carpet shows. Earlier this week, Seacrest also renewed his deal to host American Idol for two more seasons. How does he find the time?