Nick Saban and Alabama reached a new agreement on Friday that will extend his contract by one year and pay him $8.3 million for the upcoming season, the school announced on Friday.
The new agreement will keep Saban, who has led the Crimson Tide to five of the last nine national championships, through the 2025 season. His base salary will rise to $7.5 million, and increase by $400,000 annually. Per the school, there is a contract extension/championship signing incentive of $800,000 after this season, which gets him to $8.3 million for the season. There is also a contract completion benefit of $800,000 after the 2019, 2020 and 2021 seasons.
In total, the deal is worth more than $71 million.
“Our family is thrilled to agree to a contract extension with The University of Alabama that will keep us in Tuscaloosa for the rest of our coaching career,” Saban said in a release. “For Terry and me, the Tuscaloosa community and the state of Alabama have become home, and a place with deep roots for our entire family. We are very excited about the future, and this agreement allows us to continue to build on the success we have enjoyed at Alabama – both on and off the football field. We want to thank the Board of Trustees, President Bell, Director of Athletics Greg Byrne, our athletics administration, the football staff and the entire University community for their support.
“I’ve said this before, but the most satisfying part of our job is seeing the young men that represent our program grow and develop, not only in football, but more importantly in what they have been able to accomplish in their lives because of their involvement in our program.”
The new deal still needs to be approved by the Alabama board of trustees’ compensation committee.
Saban is entering his 12th season as the Crimson Tide’s head coach, a stretch of time where he’s dominated the college football landscape. He went 125-14 over the past 10 years, has reached the College Football Playoff in all four years of its existence and has won five SEC championships.
How does Saban’s contract compare?
Saban’s deal will likely make him, once it’s all said and done, the highest-paid college coach in the country.
Ohio State coach Urban Meyer, who was previously the highest paid in the country, will make at least $7.6 this season. Michigan coach Jim Harbaugh and Georgia coach Kirby Smart are close behind, making at least $7.5 million and $7 million, respectively, this season.
Texas A&M coach Jimbo Fisher agreed to a 10-year deal with $75 million this past offseason. The details of that contract have not been released, though he is expected to be in that mix.
According to a USA Today report from earlier this year, Duke coach Mike Krzyewski tops the list of college basketball coaches, having made nearly $9 million last season.
Kentucky coach John Calipari made $7.45 million last season, and Ohio State coach Chris Holtmann and Kansas coach Bill Self each brought in $7.15 million.
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