Alabama coach Nate Oats agreed to a three-year extension that runs through the 2026-27 season, the university announced Thursday.
The school said Oats' annual salary will increase to $3.225 million annually.
Oats, 46, has a 33-20 record in two seasons since leaving Buffalo to take the Crimson Tide job. Alabama is currently ranked No. 8 and has a 17-5 record, and is in first place in the Southeastern Conference with a 12-1 mark.
"We are excited to agree to a contract extension with The University of Alabama," Oats said in a statement. "Crystal and our daughters love it here, and we are committed to The University of Alabama. We feel like we have a lot of positive momentum going with our team and have the program headed in the right direction.
"Our administration is making a major statement with this extension as we all work on building a successful program for the long term. I know the winning history we've had with Alabama basketball, and I feel like we can add to that and accomplish great things here."
Oats became a rising star during his time at Buffalo, compiling a 94-43 record and leading that program to three NCAA Tournament appearances in four seasons. The Bulls went 32-4 in 2018-19 before Oats left for Alabama.
The Crimson Tide went 16-15 in Oats' first season.
In his two seasons, Oats has quickened the pace while elevating Alabama to the top of the league. Among this season's SEC wins are two over Kentucky by an average of 15.5 points, two over LSU by an average of 24 points and a 71-63 road win over then-No. 7 Tennessee.
"We had great expectations when we hired Coach Oats," Crimson Tide athletic director Greg Byrne said in a statement. "He has exceeded those expectations, and we want to ensure he is compensated among the top half of the SEC. We have put buyout measures in place that show the long-term commitment between both parties.
"Coach Oats and his staff have built a comprehensive program that has maximized our student-athlete's experience, significantly increased interest in Alabama Basketball with future recruits and put forward a product that has excited our fan base."
Alabama hosts Vanderbilt on Saturday.
--Field Level Media