Drew Carey to Host The Price Is Right
07/23/2007 AT 06:10 PM EDT
The Cleveland native confirmed his new gig as the host of the CBS game show during a taping of the The Late Show with David Letterman, which is set to air Monday.
Barker retired last month after 35 years of hosting the daytime sensation, drawing a slew of replacement contenders including Rosie O'Donnell, Ian Ziering, George Hamilton and Mario Lopez.
Carey, who will also be host of a new CBS prime-time game show, The Power of 10, told Letterman that he only learned that the deal had been done a few minutes before appearing on stage.
"When do you begin?" asked Letterman, to which Carey, 49, replied: "You got me...All I know is that all the deal points we wanted got settled. And I just found out, honestly."
Last week, Carey told PEOPLE, 'I would really enjoy doing [the show], and I think I'd be good at it."
Carey had a ten-year run on ABC with his sitcom The Drew Carey Show and was host of the improv show Whose Line is It Anyway?