Report: Nick Saban, Alabama Agree on Multi-Year Contract Extension

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. 

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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.

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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.