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Alabama basketball reportedly makes Nate Oats one of highest-paid coaches with long-term deal

LOUISVILLE, KENTUCKY - MARCH 23:  Nate Oates the head coach of the Alabama Crimson Tide during practice for the NCAA Men's Basketball Tournament - South Regional at KFC YUM! Center on March 23, 2023 in Louisville, Kentucky. (Photo by Andy Lyons/Getty Images)
Nate Oates will be head coach of the Alabama Crimson Tide for a long time. (Photo by Andy Lyons/Getty Images) (Andy Lyons via Getty Images)

Alabama basketball head coach Nate Oats has signed a long-term contract extension that will make him one of the five highest-paid coaches in the country, according to a report from ESPN on Friday.

Athletic director Greg Byrne released a statement confirming the news, adding that Oats' deal will go before the program's board of trustees for approval next week.

"We are excited about the success of our men's basketball program and Nate's continued commitment to the University. We look forward to him leading our men's basketball program for many years to come."

After Juwan Howard was fired after five seasons on Friday, Oats' name began to appear on lists of ideal candidates for Michigan's open coaching position. Byrne was quick to quiet the noise.

The new deal is Oats' third extension with the team since 2021. It comes after he agreed to an extension in February 2023 that would've carried him through the 2028-29 season. He was reportedly set to earn $4.1 million this season and average more than $5 million annually through the end of the deal.

Oats, 49, assumed his role with the Crimson Tide after spending four seasons as head coach of the University of Buffalo. Since his arrival in Alabama, he has notched a pair of SEC conference tournament titles, two SEC regular-season titles and three appearances in the NCAA tournament.

His success marked a turnaround for Alabama, as the team had secured only two NCAA tournament berths in 13 years before he took the helm. The Tide's SEC regular-season title in 2021 was their first since 1991, and the subsequent tournament championship title broke a 19-year drought. He repeated the accomplishment the next season, giving the program its first No. 1 overall seed in the NCAA tournament to boot.

Oats has proven to be a skilled recruiter, securing a host of highly sought after prospects. Six players under his leadership at Alabama have gone on to the NBA, four of whom were selected in the first round.

His tenure has seen its share of controversy. The coach was tasked with managing scrutiny surrounding Brandon Miller and an off-campus fatal shooting of a woman last season before Miller became 2023's No. 2 overall pick in the NBA Draft.

Last month, Oats apologized for shoving Missouri’s Aidan Shaw during a mid-game altercation. That matchup resulted in a 93-75 win for Alabama en route to the team's 21-10 record this season (13-5 in the SEC).

The Tide, who lost 102-88 to Florida in the quarterfinals of the SEC tournament, are currently poised for a top-four seed in the NCAA tournament.