Busta Rhymes performs during The 59th Grammy Awards at Staples Center on Feb. 12, 2017 in Los Angeles.

Busta Rhymes performs during The 59th Grammy Awards at Staples Center on Feb. 12, 2017 in Los Angeles.   

Christopher Polk/Getty Images for NARAS

The 2018 Grammy Awards will be held in New York City, but the show will return to Los Angeles for four years beginning in 2019. The Recording Academy announced Wednesday it signed a four-year deal with the AEG entertainment company to host the show at the Staples Center.

The academy says the show brings an estimated economic benefit of $82 million to Los Angeles each year it is held. 

"We very much consider Staples Center our home and are grateful for the successful relationship we've cultivated throughout the years with AEG and the entire Staples Center team," said Recording Academy president and CEO Neil Portnow.

The upcoming Grammy Awards will mark its 60th anniversary when it takes place at Madison Square Garden on Jan. 28, 2018. Nominees will be announced Nov. 28. 

As previously reported, the venture into NYC was always a one-year deal, with a return to L.A. in 2019 a foregone conclusion. Officials have said that they'll leave the door open for a return to the East Coast -- or another part of the country (Nashville? Las Vegas?) in the future.

CBS has a contract to air the Grammys through 2026. The show has been held at the Staples Center for 17 out of the last 18 years.

2018 Grammy Awards