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Nick Saban’s New Alabama Deal Reportedly Worth More Than $7 Million Annually

nick-saban-money-bags-150x150All the speculation about Nick Saban and the University of Texas can stop now.  The coach is staying at Alabama – and getting a nice raise for doing so.

The Tuscaloosa News says Saban’s new deal will pay him between $7  million and $7.5 million annually. Alabama released a statement from Saban Friday night.

 

We are very pleased to have this agreement completed. (Wife) Terry and our family are very happy in Tuscaloosa. It has become home to us. This agreement allows us to continue to build on the tremendous success that we have enjoyed to this point — successes that have transcended the football field. We are excited about the future and the University of Alabama is where I plan to end my coaching career.

“We are committed to continuing the work that we have been doing in the community as well as at the university. We are also excited about the opportunity awaiting us on Jan. 2 in the Allstate Sugar Bowl against the University of Oklahoma and hope to send this year’s tremendous senior class out in the proper way.”

 

Internet rumors and Twitter chatter had linked Saban to the job at the University of Texas in recent weeks.  But Mack Brown is still the coach in Austin (at least for now).  News of Saban’s deal reached the Longhorn State just minutes before Brown spoke at the team’s annual banquet Friday night.

So why did Saban wait until Friday to pull the trigger on this deal?  ”It’s not that complicated, ” writes Kevin Scarbinsky. “Saban wasn’t out recruiting all day Friday. He was finally in his office, tending to paperwork and other business.”

Saban had previously signed an extension in March that would keep in Tuscaloosa through the 2020 season. ESPN says the new deal was first reported by Kirk Herbstreit. This marks the third time his contract has been altered or extended since coming to Alabama.

We here at MrSEC.com  never thought Saban was leaving – and said so as recently as Thursday afternoon. But quite a few reporters and sites were on the Saban to Texas bandwagon.  AL.com calls out seven of them who were just plain wrong.

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