TUSCALOOSA, Ala. — The compensation committee for Alabama’s board of trustees unanimously approved the contract for new men’s basketball coach Nate Oats, and approved a raise for assistant coach Antoine Pettway on Wednesday afternoon.
Oats has already signed his five-year deal for $2.45 million a year. In includes a $270,000 base fee, $2.17 million talent fee and $12,000 expense account.
Alabama will pay $750,000 to Buffalo per the buyout clause in his previous contract.
His buyout from Alabama is $8 million to leave during the first year, $6 million in the second year and $4 million during the third.
Alabama will pay Oats more than $9.1 million to fire him without cause during the first year of the deal. It drops to $7.3 million and $5.5 million the subsequent years.
Oats was set to make a little more than $800,000 at Buffalo after recently agreeing to a contract extension.
In comparison, former coach Avery Johnson got a raise to $2.9 million a year in 2017 and agreed to a buyout of $5.5 million.
Pettway received a two-year contract paying $325,000 salary.
Former Alabama assistant coach John Brannen recently attempted to lure Pettway to Cincinnati with an offer that included both a promotion and substantial raise.
Pettway was given a raise from $210,000 to $275,000 in 2017, and bumped up to $281,875.08 last year, with his contract running through the 2019-20 season.
This story will be updated.