Alabama men's basketball head coach Nate Oats has agreed to a new contract with the school, athletic director Greg Byrne announced on Friday.
While the exact value of the deal is unknown, ESPN's Jeff Borzello noted that Oats will become one of the five highest-paid coaches in the nation after board approval.
The Crimson Tide have made the NCAA Tournament in each of the past three seasons and have also won two SEC regular-season titles under the former Buffalo head coach.
This article will be updated soon to provide more information and analysis.