Saban receives three-year extension at Alabama
(TSX / STATS) -- Nick Saban and his run of dominance at Alabama will continue for the foreseeable future.
Saban was given a three-year contract extension voted on by the school's board of trustees on Tuesday morning. He will earn $6.48 million per year through the 2025 season, ESPN reports.
The 65-year-old will receive a $4 million signing bonus and a $6.725 million salary this coming season, according to the network. Saban will receive another $400,000 upon completing the season to bring his 2017 compensation to $11.125 million.
Saban has completion bonuses following each year of his contract, resulting in a $3.6 million payment following the 2021 campaign, per ESPN. He will make $400,000 per year after that.
Saban expressed his desire to finish his coaching career at Alabama.
"Terry (Saban's wife) and I are pleased and happy to agree to the contract extension the University of Alabama has offered us, ensuring our time here in Tuscaloosa will continue for many more years," Saban said . "This has become our home and we are looking forward to finishing our career at Alabama."
Saban is the second-highest paid college football coach behind Michigan's Jim Harbaugh, who makes $9 million per season.
Under Saban, the Crimson Tide are 114-19 and have won four national championships. Alabama went 14-1 (8-0 in SEC) last season but lost to Clemson in the College Football Playoff National Championship Game.
Saban has also coached at LSU, Michigan State and Toledo and owns a 205-65-1 record as a collegiate head coach. He also spent two seasons in the NFL coaching the Miami Dolphins, going 15-17 before joining Alabama in 2007.
Updated May 2, 2017