After agreeing to stay at the University of Alabama in December, Nick Saban officially came to terms on a monster deal that will make him one of the highest-paid coaches in all of sports, ESPN reported Tuesday.
Saban will make $6.5 million per year up until January 2022 and also will earn a $400,000 completion bonus per season, which totals to $55.2 million over the next eight years. The details of the contract were agreed upon by the university’s compensation committee Tuesday.
The four-time champion now will be the highest-paid head coach in college football. According to Forbes, only Duke basketball’s Mike Krzyzewski makes more money among college head coaches.
Saban’s assistants also will have fatter wallets. The compensation committee agreed to extend longtime defensive coordinator Kirby Smart by one year, and he will earn $1.35 million annually. Meanwhile, Crimson Tide offensive coordinator Lane Kiffin, a former USC coach, will make approximately $2 million combined over the next three years.
Saban boasts a 74-15 record as Alabama’s head coach, along with three BCS national championships.