Alabama signs head coach Nick Saban to 8-year, $84.8 million US extension

Alabama coach Nick Saban will make $11.5 million US in the final year under a new eight-year contract that's worth at least $84.8 million.

Retains title of 'highest paid college football coach', holds record 7 national championships

Alabama coach Nick Saban received an eight-year contract extension with the university Monday. (Kevin C. Cox/Getty Images)

Alabama coach Nick Saban will make $11.5 million US in the final year under a new eight-year contract that's worth at least $84.8 million.

The university released details Monday of Saban's previously announced deal, after the board of trustees' compensation committee formally approved it.

Saban, who has won a record seven national championships, is set to make $8.7 million this year with annual raises of $400,000. That includes a $275,000 base salary and $8.425 million in personal service, or talent, fees.

Saban is set to make $8.7 million this year, with annual raises of $400,000. According to USA Today's database of college football salaries, Saban is college football's highest-paid coach. (Mike Ehrmann/Getty Images)

Saban, who turns 70 on Oct. 31, also can receive an $800,000 completion bonus each Feb. 28 through 2026 totalling up to $4 million. His pay, not counting bonuses, in 2028-29 would be $11.5 million.

Saban was scheduled to make $9.3 million last year, which kept him as college football's highest-paid coach, according to USA Today's database of college football salaries. LSU's Ed Orgeron, Clemson's Dabo Swinney, and Michigan's Jim Harbaugh also topped $8 million, according to the database.

Alabama is coming off another national championship season, including the second perfect record under Saban. His record seventh national title — including a BCS crown at LSU in the 2003 season — broke a tie with former Alabama coach Bear Bryant among FBS coaches.

Trustees also approved a number of other coaching contracts, including:

—Assistant men's basketball coach Antoine Pettway, two years, worth $335,000 annually.

—New special teams coordinator/tight ends coach Drew Svoboda, two years, worth $450,000 annually.

—Women's basketball coach Kristy Curry received a three-year extension through 2025. She received a $35,000 raise to $500,000.

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