Nick Saban agrees to sign multi-year contract extension to stay at Alabama

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Nick Saban has agreed to sign a multi-year contract extension to stay at Alabama. (Kevin C. Cox/Getty Images)

Nick Saban

Amid rampant speculation that he was poised to head to Texas, Alabama coach Nick Saban will stay exactly where he is. The Crimson Tide's athletic department confirmed that Saban has reached a long-term agreement to remain with 'Bama. ESPN's Kirk Herbstreit first reported the news. Cecil Hurt of the Tuscaloosa News quickly backed it up.

Rumors surrounding Saban potentially leaving for the Longhorns had surfaced several times in recent weeks, though no definite details ever emerged. Saban's wife, Terry, told The Wall Street Journal in November that they planned to stay in Tuscaloosa.

Some reports said Terry Saban had been house hunting in Austin. Asked if the report was accurate, Terry Saban called them "rumors with absolutely no foundation."

"We're staying," she said. "We're not going anywhere."

Saban is 74-14 (43-10 SEC) in seven years as 'Bama's head coach and has won three of the last four national championships. The Tide are set to play Oklahoma in the Sugar Bowl on Jan. 2 after completing an 11-1 regular season.

The news of Saban's extension broke minutes before Mack Brown was scheduled to speak at Texas' annual football banquet. It also dampens the excitement of certain websites like this.

As always, the Twitterverse weighed in: