The Alabama Board of Trustees voted to give Nick Saban a 3-year extension to coach Alabama, Tuesday.
Saban will receive a $4 million signing bonus and make $6.725 million in salary this year. He gets another $400,000 bonus for completing the season, bringing his total compensation for the year to $11.125 million. He has completion bonuses in each year of the contract, culminating in a $3.6 million payout after the 2021 season before going back down to $400,000 per year in subsequent seasons.
Saban said he and his wife are happy to agree to the extension, ensuring many more years in Tuscaloosa.
Nick Saban agrees to 3-year contract extension with a $4 million signing bonus, tying him to Alabama through 2025. https://t.co/IQNet49LfO— SportsCenter (@SportsCenter) May 2, 2017
Photo Credit: Carol M. Highsmith [Public domain] via Wikimedia Commons.