MONTGOMERY, Ala. (AP) – Alabama is giving coach Nick Saban plenty of incentive to stick around – and to sign a contract extension in the first place.
University trustees on Tuesday approved a three-year extension through the 2024 season that could pay Saban at least $65 million over the next eight years. Saban will make $11.125 million this year, counting a $4 million signing bonus and a $400,000 completion bonus.
The 65-year-old Saban, who has led Alabama to four national titles in the past seven seasons, said the extension ensures “our time here in Tuscaloosa will continue for many more years.”
“This has become our home and we are looking forward to finishing our career at Alabama,” he said in a statement.
Saban, who won the 2013 BCS title at LSU, and Bear Bryant are the only coaches to win five national championships in the AP poll era dating back to 1936. In January, Alabama lost to Clemson in the championship game after winning its fourth Southeastern Conference title in five years and third straight.