The University has announced that Nick Saban’s contract has been extended through the 2025 season.
From the official release:
The new agreement will extend his current contract by one season to eight years, and keep him in charge of the Crimson Tide football program through February 28, 2026. The base salary and talent fee will rise to $7.5 million and increase $400,000 annually. There will also be a contract extension/championship signing incentive of $800,000 in 2018 and a contract completion benefit of $800,000 payable at the end of the 2019, 2020 and 2021 seasons.
”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. “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.”
It appears that Saban will be scheduled to earn $9.5M in total compensation in the year 2021 and will be over $10M annually by the end of the deal. He’s obviously been worth every penny, and this is just more ammo to use on the recruiting trail. He’s not going anywhere anytime soon, folks.