Saban gets new contract guaranteeing he’ll be among nation’s top 5 college football coaches

UA board approves Saban’s new deal

TUSCALOOSA, Ala. — Newspapers are reporting Alabama coach Nick Saban has received a new contract that could be worth $4.7 million annually over the next nine seasons.

The university system’s Board of Trustees compensation committee unanimously approved the three-year extension through Jan. 31, 2018, on Wednesday. Details of the contract were first reported by The Birmingham News, Mobile Press-Register and The Tuscaloosa News.

Saban would receive a series of three completion bonuses totaling $5 million if he is still the coach through 2011, 2014 and 2017.

Reportedly his total pay would be $42.35 million if he remains through the nine-year deal.