Tide rolls in: Saban could make $65 million over 8 years
MONTGOMERY, Ala. — 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 and again make him college football’s highest-paid coach. Saban will make $11.125 million this year, counting a $4 million signing bonus and a $400,000 completion bonus.
Michigan’s Jim Harbaugh is making $7 million a year, including a $2 million annual life insurance premium. He made $9 million last year, when he received the insurance payouts in both June and December.
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.
Saban will get up to $7.2 million in annual completion bonuses, with half of that due after the 2021 season. His base salary and “talent fee” will be $6.725 million each year, a slight decrease more than made up for through the bonuses.
It was the big-money deal among a number approved Tuesday by the trustees’ compensation committee in a conference call.
The trustees also approved a fiveyear deal for new athletic director Greg Byrne and raises for his assistants. Byrne will make $900,000 a year, with $25,000 annual raises starting next year.
New offensive coordinator Brian Daboll will make $1.2 million annually under his three-year deal. Defensive coordinator Jeremy Pruitt’s new threeyear contract is worth $4.2 million, including $100,000 raises each year.
Alabama gave Saban an eight-year deal worth $6.9 million annually in 2014. That marked a $1.3 million raise.