(AP) 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.
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