Alabama coach Nick Saban is getting a new eight-year contract worth at least $93.6 million, eclipsing the recent megadeal of Southeastern Conference rival Kirby Smart.

The University of Alabama trustees compensation committee on Tuesday approved a one-year extension through Feb. 28, 2030 for the 70-year old Saban, who has led the Crimson Tide to six national titles. Saban's deal averages out to $11.7 million per year, topping Smart's $11.25 million pay at defending national champion Georgia.

The announcement comes a month after Smart agreed to a 10-year deal worth more than $110 million. The Bulldogs beat Alabama in the national championship game in January.

The two join Ohio State's Ryan Day, LSU's Brian Kelly, Michigan State's Mel Tucker and Texas A&M's Jimbo Fisher as college football coaches who will make at least $9 million in 2022.