Alabama trustees formally approve Nate Oats’ 5-year deal

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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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