Alabama’s Nick Saban reportedly gets extension, will make more than $11 million in 2017
Published 11:52 am Tuesday, May 2, 2017
All of Nick Saban’s success has Alabama’s football coach cashing in off the field, too.
The university’s Board of Trustees compensation committee has approved a contract extension for Saban that will keep him at Alabama through 2024, according to AL.com. The website reports the extension includes a $4 million signing bonus.
That will make his total pay $11.15 million in 2017. Saban’s base pay has actually been reduced from $6.9 million to $6.75 million, but his restructured contract includes a $400,000 bonus for completing each of the next two seasons, $800,000 for each of the two seasons after that and $3.6 million for completing the 2021 season, according to the website.
His previous base salary was the second-highest to Michigan’s Jim Harbaugh among FBS head coaches.
Saban, who left the Miami Dolphins to take over the Crimson Tide’s program in 2007, has a 119-19 record with four national championships at Alabama. He also won the 2003 title at LSU. He’s won at least 10 games each of the past nine seasons.