Tuscaloosa, AL, United States (4E Sports) – Alabama reportedly gave Nick Saban a new deal that will pay him a salary between $7 and $7.5 million per year and further extend the March pact that kept him under contract through 2020.
Alabama didn’t release terms of the new deal, which must be approved by the board of trustees.
Saban was already the highest paid coach in college football at $5.62 million per year.
The new deal is the third occassion that Saban’s contract has either been extended or altered while at Alabama.
He originally signed for eight years at $4 million per year in a contract that would have run out in 2014.
“This agreement allows us to continue to build on the tremendous success that we have enjoyed to this point — successes that have transcended the football field,” said Saban.
Bill Battle, who took over as Alabama’s athletic director in March, called Saban “the best in the business” in a statement.
The 62-year-old coach has spent seven seasons at Alabama. He lasted five seasons at LSU before moving on to the NFL with the Dolphins.
Since returning to the college game with the Tide, he’s won three national championships and has put together a combined record of 79-14. On Jan. 2, Saban will lead Alabama against Oklahoma in the Allstate Sugar Bowl.
There were rumors that Saban was a candidate to replace Mack Brown at Texas, but he denied interst in the expected vacancy.