'Fully committed to this team': Nate Oats puts Kentucky rumors to rest

Nate Oats has no plans to leave the Alabama basketball program. Despite speculation linking the Alabama basketball coach to the vacant position at Kentucky, Oats has reassured Crimson Tide fans that he intends to remain in Tuscaloosa.

"Bama Nation, I am fully committed to this team and to this university," Oats said in a social media post on X. "We have already accomplished some great things here, and there is nothing I want more than for The University of Alabama to win its first national championship in men's basketball. Despite any rumors to the contrary, rest assured that I will continue that pursuit as your head coach. Roll Tide!"

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— Nate Oats (@nate_oats) April 9, 2024

Alabama recently extended Oats' contract for six years, lasting until March 14, 2030. The new deal will see him earn $5 million in the first year, with his salary increasing by $510,000 annually. By the end of the contract, Oats will make $7.55 million in the final year, placing him among the top three highest-paid college basketball coaches, behind John Calipari, who is reportedly set to leave Kentucky for Arkansas, and Kansas' Bill Self.

Also included in Oats' current contract is a buyout of $18 million for the next two years, decreasing to $10 million in the third year and $4 million in the fourth year.

After Oats reaffirmed his commitment to the Crimson Tide on Monday night, Alabama athletics director Greg Byrne released a statement expressing his support for the head coach and stressed to the fans how important it is to support the university’s NIL collective.

"I know I've said this before but want to reiterate how important this is with the changing landscape in college athletics," Byrne said in a social media post. "Nate and I talk regularly about the priorities of the program and NIL is at the forefront, as is a day-to-day development space for our team, which we are taking steps to address as we speak. We appreciate your support through Yea Alabama and look forward to celebrating more championships in the years to come."