Nate Oats contract extension: Greg Byrne has latest update on Alabama HC's job after successive NCAA tournament berths 

Alabama head coach Nate Oats has signed a new contract and will lead the team for "many more years", the university's athletic director Greg Byrne said on social media.

Oats has a 113-52 record in five seasons with two SEC tournament wins (2021 and 2023) and two regular season titles under his belt in the last three years.

Byrne took to social media to share the news on Friday night. He said the new contract is subject to approval from the board of trustees.

“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.”

Oats took charge in 2019 and in his second season, he led the team to its first regular-season title since 2002.

Alabama vs. Kentucky

Alabama secured the No. 1 seed in the 2023 NCAA tournament after emerging victorious in both the SEC tournament and the regular-season championship.

Besides that, Oats has been instrumental in developing multiple first-round draft picks and recruiting four-star prospects, including 13 of ESPN's top 100 recruits.

This marks Oats' third contract extension since 2021. According to ESPN, the new deal makes him one of the five highest-paid coaches in the country.

He previously signed an extension in February 2023 that averaged $5 million annually and kept him in Alabama until 2028-29.