Nick Saban has won 3 national championships at Alabama. (Ronald C. Modra/Getty Images)
The University of Alabama and Nick Saban have agreed to terms on a contract extension, according to Kirk Herbstreit of ESPN.
The two sides agreed to a multi-year deal on Friday that will keep Saban in Tuscaloosa after a week of speculation that the coach may be interested if the job were to open up at the University of Texas.
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The length of the extension has yet to be made public, but TideSports.com has reported it will raise Saban's salary to between $7 and $7.5 million a year. Saban made $5.4 million this season.