TUSCALOOSA, Ala. — Alabama men’s basketball coach Nate Oats has agreed to a new six-year, $30 million contract amid the program’s best regular season in decades.
Oats will average $5 million annually, plus incentives, over the course of the deal, which runs through the 2028-29 season. The contract was approved Friday by the University of Alabama System Board of Trustees Compensation Committee.
His salary will rank fourth among Southeastern Conference men’s basketball coaches and be in the top 10 nationally, athletic director Greg Byrne said. The 48-year-old Oats, who is in his fourth season at Alabama, will make $4.5 million for the first year, with $200,000 annual raises to follow.
The fourth-ranked Crimson Tide (19-3, 9-0 SEC), who visit LSU (12-10, 1-8) on Saturday, have the program’s highest ranking this deep into a season since 1976-77.
“I am honored and humbled to receive a contract extension from the University of Alabama,” Oats said in Alabama’s release announcing the deal. “As I have said many times, my family and I love this community, the city of Tuscaloosa and the university.