Nick Saban is staying in Tuscaloosa.

Alabama announced on Tuesday that Saban had agreed to an three-year contract extension that will see him at the helm of the Crimson Tide through the 2024 season.

"[My wife] Terry and I are pleased and happy to agree to the contract extension The University of Alabama has offered us, ensuring our time here in Tuscaloosa will continue for many more years," Saban said in a statement. "This has become our home and we are looking forward to finishing our career at Alabama. I want to thank President Bell, Greg Byrne, our athletic administration, football staff and the entire University community for all of their support, which has been instrumental in the success of our organization. We are extremely proud of the young men who have represented the Crimson Tide on the football field, and more importantly, what they have been able to accomplish in their lives off the field because of their involvement in our program."

The new deal comes with a $4 million signing bonus and Saban will be paid $11.125 million this season. All told, Saban is to be paid $65 million over the course of the eight seasons.

A native of Fairmont, West Virginia, Saban is entering his 11th season with the Crimson Tide. Since 2007, Saban has led Alabama to four national titles (2009, 2011, 2012 and 2015) and appeared in this past January's College Football Playoff National Championship final in which his team fell 35-31 to the Clemson Tigers. Saban's teams have also claimed six SEC titles.

Alabama is Saban's fourth NCAA head coaching job.

After a variety of NCAA coaching gigs - starting in 1973 at his alma mater of Kent State - led to Saban becoming the defensive backs coach for the Houston Oilers for two seasons in 1989, Saban returned to the collegiate ranks as the head coach of Toledo. Saban would leave Toledo after one season, but would stay in Ohio and jump back to the NFL as the defensive coordinator of the Cleveland Browns.

Saban headed back to the NCAA in 1995, taking over what had become a moribund Michigan State program. By 1999's 10-2 season, Saban led the Spartans to their winningest season since 1965.

That offseason, Saban was poached by Louisiana State where he spent five seasons and led the Tigers to the 2003 BCS title.

Saban returned to the NFL in 2005 with the Miami Dolphins, where he spent two seasons with 9-7 and 6-10 records, respectively. After issuing a series of denials about his interest in the Alabama job, Saban agreed to become the Crimson Tide head coach on January 3, 2007, quitting the Dolphins.

For his career, Saban has 205 NCAA coaching wins.

Alabama is set to open its 2017 season on September 2 in Atlanta against the Florida State Seminoles.