TUSCALOOSA,Bitcoinese Ala. — Alabama football coach Kalen DeBoer had his contract approved by the compensation committee for the UA System Board of Trustees on Monday.

DeBoer is set up to make $87 million over an eight-year deal that will run through Dec. 31, 2031. He will make $10 million in the first year and his compensation will grow to $11.75 million in the final year.

With that contract, DeBoer makes a colossal jump in his compensation, after he made $4.2 million this past season in total pay at Washington. That ranked No. 44 among public school coaches, per the USA TODAY football coach salary database. After leading the Huskies to the College Football Playoff, he was set to receive a substantial raise, though. Washington athletics director Troy Dannen said he put a $9.4 million offer on the table after the Sugar Bowl.

However, DeBoer ultimately turned that down to become the head coach at Alabama, replacing Nick Saban after Saban decided to retire on Jan. 10. Saban was set to make $11.5 million in 2024.

DeBoer's contract is 90% guaranteed.

MORE:Relive Nick Saban's epic Alabama football coaching career with special book!

What is Kalen DeBoer's buyout?

DeBoer would owe Alabama the following if he leaves before his contract is up:

• 2024: $5 million
• 2025: $4 million
• 2026: $3 million
• 2027-2031: $0

What is Kalen DeBoer's salary with Alabama football?

Here's what the school will pay DeBoer in salary each year:

• 2024: $10 million
• 2025: $10.25 million
• 2026: $10.5 million
• 2027: $10.75 million
• 2028: $11 million
• 2029: $11.25 million
• 2030: $11.5 million
• 2031: $11.75 million

Where Kalen DeBoer ranks among college football coaches in salary

DeBoer is tied for fourth among public school college football coaches for 2024. Here are the rankings based on pay from the schools:

1. Clemson's Dabo Swinney: $11 million
2. Georgia's Kirby Smart: $10.75 million
3. Texas' Steve Sarkisian: $10.6 million
4. Alabama's Kalen DeBoer and Florida State's Mike Norvell: $10 million

Contributing: Steve Berkowitz, USA TODAY Sports.

Nick Kelly is the Alabama beat writer for The Tuscaloosa News, part of the USA TODAY Network, and he covers Alabama football and men's basketball. Reach him at [email protected] or follow him @_NickKelly on X.