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It was reported that Bobby Flay was walking away from the Food Network due to unsuccessful contract negotiations and financial disagreements—and amid speculation he could land a $100 million deal elsewhere—the superstar chef would remain with the channel that made him one. Gave. The country’s most famous chef, Diversity previously reported,

important facts

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Flay, who has been with the network for 27 years, has signed a three-year deal with Food Network, which opens up more “content opportunities” for his production company Rock Shrimp Productions, which is behind many of his shows for the channel. Is. defeated Bobby Flay,

Although it was not revealed how much money Flay signed to his new contract, Chef was previously earning about $26 million a year on the network — and in May Businesshala reported that Guy Fieri, who has become a beloved star for the Culinary Channel in recent years, signed a three-year deal worth $80 million, making Dinner, Drive-in and Dive Host the highest paid chefs on cable TV.

Courtney White, president of Food Network and food streaming content for Discovery, said in a press release that the company is “thrilled to continue Bobby Flay’s long-standing relationship with Food Network.”

Flay, who acknowledged that the negotiations were sometimes tense, noted Diversity Streaming services like Netflix and Hulu have “a huge appetite for this programming,” though they chose to stick with Food Network because they have “a great foundation” and “a huge library of food television here.”

Flay will be starring alongside his daughter Sophie in a new show next year called Bobby and Sophie on the Coast,

Flay’s representatives have yet to respond Businesshala‘Request for comment.

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