Costas and NBC have been negotiating an exit deal for months. A word came in the summer that he was about to end his work on the net.
Costas confirmed the news in an interview with the New York Post. "Everything is settled quietly and happily for all concerned," Costas told Post.
A representative of NBC Sports also confirmed the separation. His last contract is to pass in 2021
Costas is Emmy's 28-time winner, who is known for his open-minded views and deep reflection of sport and its impact on culture.