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With Nick Saban's new contract approved, here's how SEC coaching salaries stack up

First announced back in December - and broken by Kirk Herbsteit, of all people - Nick Saban's mammoth new contract was finally approved Tuesday by the University of Alabama's board of regents.

The new contract will pay Saban $6.5 million a year, plus a $400,000 completion bonus, through January 2022. At $6.9 million a year before incentives, Saban will easily rank as the wealthiest coach in college football. One odd note, though: we haven't seen any information about Saban's salary escalating over any of the seven years of his deal. Perhaps Alabama figures paying Saban more than $55 million through 2022 (plus bonuses) is enough.

Additionally, Alabama has approved a three-year contract for new offensive coordinator Lane Kiffin that will pay him $680,000 in 2014-15 and $714,000 in 2016.

Here is a chart of what all 14 SEC head coaches will earn in 2014 (courtesy SDS):

Head Coach

School

Salary

Nick Saban

Alabama

$6.9 million

Kevin Sumlin

Texas A&M

$5 million

Les Miles

LSU

$4.3 million

Steve Spurrier

South Carolina

$4.0 million

Gus Malzahn

Auburn

$3.85 million

Bret Bielema

Arkansas

$3.2 million

Mark Richt

Georgia

$3.2 million

Gary Pinkel

Missouri

$3.1 million

Hugh Freeze

Ole Miss

$3.0 million

Will Muschamp

Florida

$3.0 million

Butch Jones

Tennessee

$3.0 million

Dan Mullen

Mississippi State

$2.65 million

Mark Stoops

Kentucky

$2.2 million