TUSCALOOSA, Ala. -- Nick Saban's latest contract extension became official on Tuesday.
The compensation committee of the University of Alabama's board of trustees approved Saban's newest contract extension that will run through January 2022.
The new deal brings Saban's base salary to $6.5 million while also adding a $400,000 completion bonus.
"We are pleased to announce that coach Saban's contract extension has been approved, and that he'll be our head football coach for many years to come," Alabama athletic director Bill Battle said in a university news release. "He is the best coach in the country, and he's brought Alabama back to the pinnacle of college football. His success on the field is obviously second to none, but coach Saban's influence on academics and all the other areas of our athletic programs are equally impressive to me."
During Saban's tenure at Alabama, the Crimson Tide has won three national championships and a total of 72 games over the last six seasons.
"We are honored by the commitment the University of Alabama has made to us with this new contract." Saban said in a statement. "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. Our graduation rates are among the best in the country and that means as much or more than the victories on the field. We want our players to be more successful in life because they were involved with our program and I think we've been able do that.
"Terry and I are also proud to continue to contribute to the growth at the University of Alabama, this community, and the state of Alabama. We've been able to do some outstanding things through Nick's Kids, the First Generation Scholarship Fund and we're proud to help build the new St. Francis University Student Center. The past eight years have been productive in so many ways and we are grateful to call Alabama our home."
Along with Saban, some Alabama assistant football coaches had extensions approved by the board. New offensive coordinator Lane Kiffin's three-year contract was also approved. Kiffin will make $680,000 in the first two years and $714,000 in the third year.
New linebackers coach Kevin Steele received a three-year deal that will pay him $700,000 per year. Steele returned to the field after spending last season as Alabama's director of player personnel.
New defensive line coach Bo Davis received a three-year deal with a $450,000 salary.