Alabama's Nick Saban agrees to contract extension through 2024 season

The Associated Press has been selecting a college football Coach of the Year since 1998 and no one has yet to won the award three times. Alabama's Nick Saban could be the first. (AP Photo/Brynn Anderson)

Nick Saban has a new deal to remain as Alabama's football coach through the 2024 season.

The long-term extension, announced by Alabama's Director of Athletics Greg Byrne, comes with a signing bonus of $4 million with an additional $4 million spread out through the 2020, 2021 and 2022 years of the contract. Saban's base salary remains the same.

"Terry and I are pleased and happy to agree to the contract extension The University of Alabama has offered us, ensuring our time here in Tuscaloosa will continue for many more years,” Saban said in a statement through the school. “This has become our home and we are looking forward to finishing our career at Alabama."

Saban has led Alabama to four National Championships in the past 10 years. His teams have won at least 10 games each of the past nine seasons.

“It is an exciting day when we can announce that the best football coach in the country has agreed to a contract extension,” Byrne said in a statement. “Before I came to Alabama, I was always impressed with Coach Saban and how he ran his program. After being here and seeing first-hand the job that he does, I’ve come away even more impressed. Coach Saban has obviously won a lot of football games and championships, but he has also done an outstanding job when it comes to academics and community service. I don’t think you can measure the positive impact he and Ms. Terry have made over the last decade. We look forward to working with them for many years to come.”

This story will be updated

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