(Associated Press)

The University of Alabama System board of trustees unanimously approved Crimson Tide Coach Nick Saban’s new contract details on Tuesday. Per USA Today’s Steve Berkowitz, Saban will make $6.9 million for the 2014 season, likely making him “one of the nation’s most highly paid public employees as well as one of the most highly paid people in American higher education,” Berkowitz writes.

Under the terms of his previous deal, Saban was scheduled to make about $5.5 million this season. Alabama probably considers either of those amounts a bargain, considering Saban’s three national titles in Tuscaloosa and the small matter of the $88,660,439 in revenue the Alabama football team brought in from July 1, 2012 to June 30, 2013.

Saban’s contract also has an escalator clause.

After word spread that Texas was considering a run at Saban after Mack Brown’s departure, Alabama agreed to the contract extension — through Jan. 31, 2022 — in December.

“We are honored by the commitment the University of Alabama has made to us with this new contract.” Saban said in a statement released by the school. “It is certainly a mutual agreement in terms of our commitment to the University of Alabama. We will continue to work hard to keep our football program among the nation’s elite. My passion has always been to develop young men to their full potential as student-athletes. We’ve had great success in that area at Alabama and I’m appreciative of all the support and the resources we receive from the administration in order to make that happen.”

Alabama also approved the contract of new Alabama offensive coordinator Lane Kiffin, who will make $680,000 for the first two years and $714,000 for the third year of his three-year contract, per AL.com. The money he makes over the first two seasons will be the same as what former offensive coordinator Doug Nussmeier made last season. Nussmeier left for Michigan after last season.