Apr 29, 2014; Greensboro, GA, USA; Alabama Crimson Tide head football coach Nick Saban waits to take a shot at the Chick-fil-A Challenge at Reynolds Plantation Resort. Mandatory Credit: Paul Abell/CFA-pr via USA TODAY Sports **HAND OUT PHOTO **

Nick Saban $6.5 Million Per Year Contract Extension Approved

Nick Saban’s contract extension was approved Tuesday, likely keeping at Alabama until he retires.

The University of Alabama Board of Trustees compensation committee approved his new contract unanimously, extending his deal with Alabama until 2022.

The new contract pays Saban $6.5 million per year, with a $400,000 completion bonus.

Saban said in a release from the university that he was glad to be staying at the Capstone.

“We are honored by the commitment the University of Alabama has made to us with this new contract.” Saban said. “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.

Also receiving the approval of the trustees were the contracts of other coaches, including offensive coordinator Lane Kiffin.

Kiffin’s deal puts his compensation at $680,000 for the first two years, and $714,000 for the third year.

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