NBC Replacing Jay Leno With Jimmy Fallon Is "the Most Likely Scenario," Says Source

The Tonight Show will reportedly move to New York with Fallon

Sounds like the rumors that NBC is replacing Jay Leno with Jimmy Fallon are going from rumors to true-mors. Get it? You're welcome for that.

The New York Times reported today that NBC has made a commitment to Jimmy Fallon as successor to Jay Leno on The Tonight Show. And what's more, Fallon would bring the show back to New York, where it started in 1954.

"This is certainly the most likely scenario, moving the show to NY with Fallon," a network source tells us. "The execs at NBC believe he's the best choice. But nothing is set in stone yet. Nothing is official."

The reports of Fallon replacing Leno began earlier this month, when rumors of Leno's retirement began circulating. And of course, Howard Stern has thrown his hat into the ring.

NBC has not yet responded to a request for comment.

Leno is contracted with The Tonight Show through 2014.

(E! and NBC are both part of the NBCUniversal family.)