By Joey Nolfi
February 09, 2017 at 09:21 AM EST
Paul Drinkwater/NBC/NBCU Photo Bank via Getty Images; Marc Bryan-Brown/Getty Images

Bob Costas is passing the baton to Mike Tirico.

The veteran sportscaster has announced he will relinquish his post as the host of NBC’s Olympics coverage, beginning with the 2018 Winter Olympics in PyeongChang, South Korea.

“I’m going to be like the rest of the country, watching Mike Tirico, who will be an able successor in Korea for the Winter Olympics beginning a year from today,” he told colleague Matt Lauer during an interview on Thursday morning’s episode of Today, before citing the late journalist Jim McKay as one of his inspirations who paved the way for contemporary sports coverage.

Recalling his favorite moment of covering the worldwide sporting event, Costas continued: “I always go with Muhammad Ali lighting the torch in 1996 in Atlanta because it stands alone. When he stepped out of the shadows and Janet Evans handed him that torch and you saw him trembling that way, somehow even in that condition, he was just as charismatic and magnetic as he’d ever been.”

Across 25 years as the face of the network’s Olympics programming, Costas has hosted 11 Summer and Winter Games since 1992 in Barcelona. To date, he’s amassed 27 Emmys — more than any other sports broadcaster in television history.

Costas has been with NBC for 37 years and will continue his relationship with the network in multiple roles with NBC Sports and NBC News.

Tirico steps in for Costas after providing NBC’s daytime coverage of the 2016 Summer Olympics in Rio. He previously served as an announcer on ESPN’s Monday Night Football before making the jump to NBC in July. Tirico also hosted Football Night in America, the U.S. Open, and the Ryder Cup, as well as providing play-by-play analysis for NBC’s Sunday Night Football, Thursday Night Football, and Notre Dame college football games.

“The level and longevity of Bob’s tenure have left an indelible mark on American television and the Olympic Games,” Tirico said in a press statement. “I am honored to call him a friend, humbled by this opportunity, and thankful to the many people who have helped make this possible.”