We mentioned earlier today that Alabama’s board of trustees had rubber stamped head coach Nick Saban‘s contract extension.
We also mentioned that the three-year contract extension would likely include a bump in compensation.
Suffice to say, there is indeed quite a bit of a bump financially for Coach Woodcock.
According to the Mobile Press-Register, Saban stands to earn $42.35 million if he remains at Alabama through the 2017 season. The new nine-year agreement includes lump-sum bonuses if he’s the head coach of the Tide at the end of specified years -- $1.6 million in Jan. 2012, $1.7 million in Jan. 2015 and $1.7 million in Jan. 2018.
Saban’s original called for him to average $4.125 million per season; the new deal averages out to around $4.7 million.
Perhaps the most important clause financially in the contract calls for a review of Saban’s deal in 2015 compared to those of top coaches around the country at that time.
In other words, as long as Saban stays at Alabama and the current trend of backing the Brinks truck up to the doorsteps of the top college coaches continues, Saban stands to earn a helluva lot more than the $43 million the deal originally called for.