Nick Saban's new Alabama deal could pay him $55.2 million by 2022
JUN 03, 2014 3:02p ET
On Tuesday, the vote by the Alabama system trustees' compensation committee made Saban's new deal official after he agreed to the extension last December.
Saban will earn $6.5 million in base pay with a $400,000 completion bonus, bringing his annual compensation to $6.9 million before performance bonuses. He made $5.5 million last season.
The total value of Saban's new contract could reach $55.2 million.
A few other details of the new contract, courtesy of AL.com:
-- His life insurance coverage was increased from $5 million to $6 million.
-- The Saban scholarship received a $100,000 contribution.
-- Should Saban get fired without cause, the liquidated damages he would receive could not exceed $23.3 million. There was no hard cap in previous contracts.
There's another wrinkle in the contract that could increase Saban's pay.
If during Saban's contract his salary becomes less than the average of the three highest paid coaches in the country or less than what the five highest paid coaches earn, Alabama will increase Saban's salary to the higher sum.
In a statement Tuesday, Saban said the following regarding his new deal:
"We are honored by the commitment the University of Alabama has made to us with this new contract. It is certainly a mutual agreement in terms of our commitment to the University of Alabama. We will continue to work hard to keep our football program among the nation's elite.
"My passion has always been to develop young men to their full potential as student-athletes. We've had great success in that area at Alabama and I'm appreciative of all the support and the resources we receive from the administration in order to make that happen."
Alabama assistant coaches also received raises and extensions, bringing the total annual compensation for the Tide's nine full-time assistants to just under $5.2 million. According to the USA Today, Alabama joins LSU as the first public schools with football assistant coaching payrolls exceeding $5 million before bonuses (LSU comes in above $5.3 million).
The assistant coach raises and extensions are as follows:
Defensive coordinator Kirby Smart: Extended through February 2016, salary increased to $1.3 million.
Offensive coordinator Lane Kiffin: Three-year contract approved that will pay him $680,000 for first two years and $714,000 for the third.
Defensive line coach Bo Davis: Signed through February 2016 at $450,000 per year.
Inside linebackers coach Kevin Steele: Signed through February 2016 at $700,000 per year.
Offensive line coach Mario Cristobal: Extended through February 2016, salary increased from $475,000 to $500,000.
Outside linebackers coach Lance Thompson: Extended through February 2016, salary increased from $400,000 to $428,000.
Tight end/special teams coach Bobby Williams: Extended through February 2016, salary increased from $400,000 to $428,000.
Running backs coach Burton Burns: Extended through Feb. 2016, salary increased from $315,000 to $335,000.
Wide receivers coach Billy Napier: Extended through February 2016, no increase in salary.
Strength and conditioning coach Scott Cochran: Extended through February 2016, salary increased from $355,000 to $395,000.
Saban has led the Crimson Tide to three national championships in seven seasons.
Trustees also approved details on the contract for new offensive coordinator Lane Kiffin. The former Tennessee and Southern California coach will make $2.074 million over three years.
Other coaches got raises while defensive coordinator Kirby Smart had his deal extended through Feb. 28, 2017.
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