After 22 years of hosting, Jay will be succeeded by Jimmy on "The Tonight Show" — once his contract is up next spring. "Congratulations, Jimmy. I hope you're as lucky as me and hold on to the job until you're the old guy,” Jay says in a statement released by NBC. “If you need me, I'll be at the garage.” And to say Jimmy's psyched is an understatement. He shares, "I'm really excited to host a show that starts today instead of tomorrow."