The University of Alabama released news on Friday that will make Crimson Tide Fans a little happier as they head into the weekend, announcing they have reached a one year contract extension with head football coach Nick Saban.
Saban's new deal extends his contract by one season to eight years, and runs through February 28, 2026. His base salary and talent fee will rise to $7.5 million and increase by $400,000 annually. On top of that, he will also have a contract extension/chmpionship signing incentive of $800,000 in 2018 and a contract completion benefit of $800,000 payable at the end of the 2019-2021 seasons.
"Our family is thrilled to agree to a contract extension with The University of Alabama that will keep us in Tuscaloosa for the rest of our coaching career," Saban said in a statement released by the team. "For Terry and me, the Tuscaloosa community and the state of Alabama have become home, and a place with deep roots for our entire family. We are very excited about the future, and this agreement allows us to continue to build on the success we have enjoyed at Alabama – both on and off the football field. We want to thank the Board of Trustees, President Bell, Director of Athletics Greg Byrne, our athletics administration, the football staff and the entire University community for their support. I've said this before, but the most satisfying part of our job is seeing the young men that represent our program grow and develop, not only in football, but more importantly in what they have been able to accomplish in their lives because of their involvement in our program."
The move was a no doubter for the Crimson Tide as Saban enters his 12th season in Tuscaloosa after leading Alabama to five national championships over the last nine years.
"We are so fortunate to have the best football coach in the country here at Alabama in Coach Saban, and we are very pleased that he has agreed to another contract extension," Alabama athletics director Greg Byrne said in a statement released by the university. "What this program has accomplished under him over the past decade is truly remarkable, and it goes well beyond the five national championships. There is obviously a very high expectation to succeed on the field, however that expectation carries over into the classroom and the community, and it has shown in the number of graduates and hours of community service performed. The impact he and Ms. Terry have had, and continue to have, on the program, athletics, our University, Tuscaloosa and the state of Alabama is unmatched, and we look forward to having them around for many years to come."
The agreement between Saban and Alabama is subject to approval by the Compensation Committee of the Board of Trustees of The University of Alabama, but it's safe to say objections to his extensions are not expected.