Alabama Crimson Tide head coach Nick Saban has signed a massive contract extension to remain in Tuscaloosa.
Alabama released a statement, which you can read in full at Rolltide.com:
University of Alabama Director of Athletics Bill Battle is pleased to announce that head football coach Nick Saban and the University have concluded a new long-term agreement.
"We are very pleased to have this agreement completed," said Saban. "Terry and our family are very happy in Tuscaloosa. It has become home to us. This agreement allows us to continue to build on the tremendous success that we have enjoyed to this point - successes that have transcended the football field. We are excited about the future and the University of Alabama is where I plan to end my coaching career."
Saban commented on the speculation surrounding the Texas job, via ESPN's Chris Low:
"The way this sort of got spun, it was a little bit more like, 'OK, he got a new contract at Alabama, so he's going to stay at Alabama instead of going to Texas,'" Saban told ESPN.com on Saturday. "I never considered going to Texas. That wasn't even a conversation.
Saban went on to talk about Mack Brown and how he viewed the situation at Texas from his perspective:
Mack Brown is the coach at Texas. He deserves the right, based on his body of work, to be able to leave the program the way he wants to leave the program. It wasn't fair to him or to me to be speculating about this job, which I haven't talked to anybody there about. Really, the whole thing from my perspective stunk, but there wasn't a hell of a lot I could do about it.
ESPN's Kirk Herbstreit was the first to report the news:
Breaking News....Nick Saban has agreed to a multi year contract extension to STAY at Alabama! Details to come out soon!!— Kirk Herbstreit (@KirkHerbstreit) December 14, 2013
Chip Brown of Orangebloods.com confirmed the news:
A source close to the situation just confirmed Nick Saban has agreed to a new contract at Alabama.— Chip Brown (@ChipBrownOB) December 14, 2013
Aaron Suttles and Cecil Hurt of Rivals.com provides contract details:
Nick Saban is staying at the University of Alabama, just like he said all along. Saban reached an agreement Friday that is expected to raise his salary to between $7 and $7.5 million per year from his current annual compensation of almost $5.4 million and extend his term as head football coach of the Crimson Tide.
Gil Brandt of NFL.com cited a source who indicated initially that Saban was negotiating a deal worth $7 million per season:
Just told by source Nick Saban in contract negotiations w #Alabama for extension in $7M/year range.— Gil Brandt (@Gil_Brandt) December 10, 2013
That caused B/R NFL writer Mike Freeman to compare the prospective salary to what a current NFL coach rakes in:
If Nick Saban gets $7m/yr, which is what Shanahan earns, for coaching college, I mean, that would be obscene.— mike freeman (@mikefreemanNFL) December 10, 2013
That salary is representative of Saban's stature in college football. After winning two straight national championships, this year was a bit of a letdown. However, Alabama is still sporting a record of 11-1, a No. 3 slot in the BCS rankings and preparing itself for a Sugar Bowl battle against Oklahoma on Jan. 2.
Only the most epic Iron Bowl in the storied rivalry's history could deny the Tide a shot at capturing the Coaches' Trophy for the third season in a row.
Rumor had it that Saban was at least considering the possibility of going to the University of Texas to tackle a new challenge. His wife, Terry Saban, denied that speculation and insisted that her husband would remain with the Tide for the rest of his career, per a Nov. 26 report by Sharon Terlep of The Wall Street Journal, saying, "We're staying, we're not going anywhere."
Saban was already outearning Texas head coach Mack Brown as the highest-salaried college football coach in the country, per USA Today. This extension to remain with the Tide now widens the gap, and adds credence to Saban's own proclamation that he is totally committed to Alabama.
The 62-year-old Saban is known for his meticulous preparation in what he describes as "The Process."
Saban calls his coaching approach “The Process” -- ignore the scoreboard; don’t worry about winning; focus on doing your job— 60 Minutes (@60Minutes) November 4, 2013
That has aided him in winning three national championships at Alabama and allowed him to compile a stupendous record of 79-14, per Sports-Reference.com.
Now that this massive payday has been secured, Tuscaloosa can rejoice in knowing that the architect of its football powerhouse is there to stay.