Alabama trustees formally approve Nate Oats' 5-year deal
TUSCALOOSA, Ala. (AP) New Alabama basketball coach Nate Oats' contract includes hefty buyouts if he leaves for another job or is fired.
University of Alabama trustees Wednesday formally approved Oats' 5-year deal worth $2.45 million annually, though the university had earlier released some of the details.
Alabama would owe Oats $9,187,500 if he's fired without cause - such as for personal conduct or NCAA violations - by March 14, 2020. The buyout would go down to $7.35 million the following year and decrease each year.
Oats would owe Alabama $8 million if he left for another job before that date. That number goes down $2 million annually until the final year when he would owe $1 million.
Assistant coach Antoine Pettway, the only holdover on Oats' staff, will make $325,000 annually under a two-year deal, a raise of nearly $45,000.
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Updated May 15, 2019