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Alabama basketball head coach Nate Oats received a healthy raise on Monday, when the UA board of trustees compensation committee approved his new contract. Oats will make a $5 million salary in the first year of his new deal, and if another school wants to grab him, it will need to pay a hefty buyout.
By the end of the contract, which now runs for six years, through the 2030 season, Oats will make $7.55 million. The deal ends on March 14, 2030.
Half of Oats’ total compensation came in base salary. The other half will be paid out for meeting certain media, speaking and other obligations.
The deal also came with a plethora of bonuses. Oats can make $50,000 each of winning SEC regular-season and tournament titles, and another $50,000 for participating in the NCAA Tournament.
