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Alabama football coach Nick Saban receives massive contract extension

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Alabama football coach Nick Saban’s contract extension through the 2028 season is official after the compensation committee of the University of Alabama system board of trustees approved the deal in a virtual meeting Monday.

The university announced it had agreed on the extension with Saban in early June, a deal that would add three years to his contract, keeping him in Tuscaloosa through at least February 2029.

His base salary will remain $275,000. His talent fee for 2020-21 was $8.425 million and will continue to grow at a rate of $400,000 annually. It will reach $11.225 million in the final year of the extension. With his base salary and talent fee, he is set to make $11.5 million in 2028-29.

Saban is set to become the first college coach to reach $10 million in annual recurring compensation during this contract in 2023-24. He will also receive an $800,000 completion benefit each year through 2025 upon finishing each season.

This article originally appeared on The Tuscaloosa News: Nick Saban gets massive contract extension from Alabama