Alabama coach Nate Oats has agreed to a new six-year, $30 million contract amid the program’s best regular season in decades.
Oats will average $5 million plus incentives over the course of the 2028-29 season under a deal approved Friday by the University of Alabama System Board of Trustees Compensation Committee.
It makes him the fourth-highest paid basketball coach in the SEC and in the top 10 nationally, athletic director Greg Byrne said.
Oats, who is in his fourth season, will make $4.5 million in the first year with annual raises of $200,000. The fourth-ranked Crimson Tide (19-3, 9-0 SEC) has the team’s highest ranking this season since 1976-77.
“I am honored and humbled to receive a contract extension from the University of Alabama,” Oats said in a statement. “As I have said many times, my family and I love this community, the city of Tuscaloosa and the university.
“I’m incredibly proud of what we’ve been able to build during our time at UA, which is a direct reflection of the student-athletes, coaches and staff who have played a significant role in our success. I’m excited for what’s ahead of our program and the direction we are heading.”
Alabama has gone 80-39 under Oats, winning the regular season and 2021 SEC tournament championships.
“Coach Oats has done an outstanding job leading our men’s basketball program and we want him to continue to do so for many years to come,” Byrne said in a statement. “He and his staff have elevated the program back to national prominence and created a product that is exciting for our team and our fans to be a part of.
“We were confident that Nate would be an outstanding coach for us when we hired him, and he is not only that, but a great leader of our young men.”
Report from The Associated Press.
FOX Sports Top Stories:
Get more out of basketball Follow your favorites for information on games, news and more