Nick Saban has reportedly signed a new contract with Alabama, and will remain head coach of the Crimson Tide. The Tuscaloosa News has reported that Saban’s new deal is worth between $7 and $7.5 million per year; there is no word yet on the time extension.
Friday evening, Saban released the following statement through the university:
“We are very pleased to have this agreement completed. (Wife) Terry and our family are very happy in Tuscaloosa. It has become home to us. 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. We are excited about the future and the University of Alabama is where I plan to end my coaching career.
“We are committed to continuing the work that we have been doing in the community as well as at the university. We are also excited about the opportunity awaiting us on Jan. 2 in the Allstate Sugar Bowl against the University of Oklahoma and hope to send this year’s tremendous senior class out in the proper way.”
Administration from around the University of Alabama also responded to the news. Athletic director Bill Battle discussed a mutual commitment between Saban and the university.
“Coach Saban is the best in the business and has led our program to the pinnacle of college football. This agreement is a strong indication of our mutual commitment to building on the foundation he has established,”
University president Judy Bonner commended the coach for his hard work and integrity.
“The entire University of Alabama family is thrilled that Coach Nick Saban will continue to be the head coach of the Crimson Tide,” Bonner said. “We appreciate the commitment that he and Terry have to our players and their success on the field, in the classroom and throughout their lives. Coach Saban’s passion for excellence combined with his hard work and integrity are hallmarks of his teams, who are champions in every way.”
Nick Saban has compiled an official record of 74-14 during his seven seasons as head coach at the University of Alabama.
The Crimson Tide will next play the Oklahoma Sooners in the Sugar Bowl on Jan. 2 at 8:30 p.m. ET.