Two of late night’s best known hosts will be remaining at their desks for at least two more years. Both David Letterman and Craig Ferguson have signed contract extensions through 2014. The deal means Letterman will likely overtake legend Johnny Carson for the longest late night hosting run, and also gives Ferguson some room to spread out – he’s getting a bigger stage.

The two-year contract extension, as reported by Deadline , will place Letterman in a position to overcome Johnny Carson’s 30 years in late night television. He started out at NBC on Late Night with David Letterman in 1982, and moved over to CBS’ Late Show in 1993. That means this year he will tie Carson’s record, and will surpass him as of next year. How much longer he will stick around beyond that is anyone’s guess, but his eventual retirement will certainly leave some big shoes to fill – much as Johnny Carson’s retirement from late night did.

As for Ferguson, who took over hosting duties on The Late, Late Show from original Daily Show host Craig Kilborn in 2005, so he has a long way to go to reach Letterman/Carson status. His contract extension does give him a big perk, though: he’s set to move to a larger stage at CBS Television City in Los Angeles – it’s not clear when the move will take place. CBS will now be co-producing the show along with Worldwide Pants, giving them more control and a bigger stake in the show.

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