The iconic comedian -- famous for his stand-up comedy and his sitcom "Seinfeld" -- was asked for his thoughts on that situation by NBC News' Willie Geist during a "Sunday Today" interview that will air in its entirety this weekend.
"Kevin is in a position, because he's a brilliant comedian, to kind of decide what he wants to do. He doesn't have to step down, but he can. When you look at that situation, well, who got screwed in that deal?" he asked. "I think Kevin's going to be fine. But find another Kevin Hart, that's not so easy."
"He's a brilliant guy with a movie career," Seinfeld said of the bankable movie star with hits including "Jumanji," "Night School," "Ride Along" and "Central Intelligence" under his belt on top of a massive stand-up career.
Hart was stoked to host the Oscars this coming February, but immediately after it was announced, a public backlash against his years-old homophobic tweets was sparked. After the Academy asked Hart to apologize in order to keep the job, he refused and stepped down instead, and then apologized.
I have made the choice to step down from hosting this year's Oscar's....this is because I do not want to be a distraction on a night that should be celebrated by so many amazing talented artists. I sincerely apologize to the LGBTQ community for my insensitive words from my past.
Seinfeld thinks part of the reason that people got so upset over Hart's tweets, even though the comedian had already apologized for them in the past (but never deleted them), is because comics "are expected to be the most agile in terms of how we think and construct our thoughts and what comes out of our mouth."
While social media has certainly presented comedians new challenges, Seinfeld made the point that comedians have always had to adjust their material and performances to fit into accepted social norms of the time period.
"We have been navigating these slalom gates forever," he said, and then explained that the "dirty comedians" decades ago had to clean up their act to score a coveted and often star-making slot on Johnny Carson's "Tonight Show."
"A lot of us went, 'Okay, I still want to play," he told Geist.
Whatever new "gate" arises, Seinfeld basically argued it's a comedian's job to figure out how to "get around that."
Enjoy the preview of their conversation below, followed by more celebrities giving their thoughts on the situation to TooFab at a recent red carpet event.