The University of Alabama’s men’s basketball program is making headlines once again, and this time it’s not about buzzer-beating shots or thrilling victories on the court. Instead, the spotlight is on their head coach, Nate Oats, who has just agreed to a contract extension with an eye-popping buyout clause.
The Contract Extension of Nate Oats
On Monday, the University of Alabama’s board of trustees’ compensation committee convened to approve a one-year contract extension and raise for Coach Nate Oats. This marks the third time since his arrival in March 2019 that Oats has secured a new contract. His previous extensions were signed in February 2021 (extending through 2026-27) and February 2023 (extending through 2028-29). Now, his new contract will run through the 2029-30 season.
Let’s dive into the financials. Coach Oats will receive a base salary of $5 million in the first year of his new deal, according to Athletics Director Greg Byrne. But that’s just the starting point. His annual salary will increase over the years, eventually reaching an impressive $7.55 million in the final year of the contract.
However, the real jaw-dropper is the buyout clause. Under his new deal, Coach Oats’ buyout is set at an astounding $18 million for the first two years, lasting until March 2026. This figure is the highest of any coach in the country, based on meticulous research conducted by Byrne. But wait, there’s more: the buyout then decreases to $10 million until March 2027, and further drops to $4 million until March 2028.
Nate Oats is a Phenomenal Leader
Athletics Director Greg Byrne expressed his confidence in Coach Oats, stating, “Coach Oats has done a phenomenal job leading Alabama men’s basketball, and we look forward to him doing so for many years to come.” Indeed, Oats has steered the Crimson Tide to tremendous success during his tenure, and this contract extension solidifies his commitment to the program.
Beyond the financials, Coach Oats’ deal includes performance-based incentives that remain unchanged from his previous contract. These include bonuses for winning or sharing the SEC regular-season championship, clinching the SEC tournament, participating in the NCAA tournament, and securing NCAA tournament wins (excluding Final Four victories)
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