TUSCALOOSA, Ala. | Alabama coach Nick Saban has received a new contract that could be worth $4.7 million annually over the next nine seasons counting a series of completion bonuses.
The university system's Board of Trustees compensation committee unanimously approved the three-year extension through Jan. 31, 2018, on Wednesday.
Saban would receive a series of three completion bonuses totaling $5 million if he is still the coach through 2011, 2014 and 2017.
His total pay would be $42.35 million if he remains through the nine-year deal.
The contract guarantees Saban will be among the nation's five highest-paid football coaches or the three highest in the Southeastern Conference, whichever is higher. His pay cannot fall below those averages.