Nick Saban is staying at Alabama.
The 62-year-old head coach, who has led the Crimson Tide to three of the last four BCS national championships, has agreed to a multi-year contract extension with the SEC school, according to ESPN’s Kirk Herbstreit.
Breaking News....Nick Saban has agreed to a multi year contract extension to STAY at Alabama! Details to come out soon!!—
Kirk Herbstreit (@KirkHerbstreit) December 14, 2013
The financial details of Saban’s new deal are unknown at this time, but we do know that he will be the highest-paid coach in college football.
Just told by source Nick Saban in contract negotiations w #Alabama for extension in $7M/year range.—
Gil Brandt (@Gil_Brandt) December 10, 2013
Saban was rumored to be a potential candidate for the head coaching job at the University of Texas, a position that is not vacant.
Alabama’s bid for a third consecutive national title ended when it lost in stunning fashion to the rival Auburn Tigers on Nov. 30. The Crimson Tide will conclude their 2013 season with a Sugar Bowl matchup against the Oklahoma Sooners.