Alabama quarterback AJ McCarron, right, is congratulated by head coach Nick Saban, left, as Jeff Purinton, football media relations director, watches after McCarron won the Maxwell Award during the College Football Awards show in Lake Buena Vista, Fla., Thursday, Dec. 12, 2013.Alabama coach Nick Saban is staying put.
The school announced on its Twitter account Friday night that the football coach has reached "a longterm agreement" to remain with the Crimson Tide.
Alabama didn't release terms of the new deal, which must be approved by the board of trustees.
The agreement quells speculation that Saban would take over at Texas if Mack Brown steps down. Saban, who turned 62 on Oct. 31, has led the Tide to three national championships in the past four years. No. 3 Alabama will play Oklahoma in the Sugar Bowl.
Saban received an eight-year deal in March 2012 worth about $5.6 million annually.