The terms of new Alabama basketball coach Nate Oats’ contract are now starting to become clear.

His five-year deal will pay $2.45 million a year including base salary and talent fees, according to the memo of understanding obtained by AL.com through an open records request. Former coach Avery Johnson got a raise to $2.9 million a year in 2017.

Oats was set to make a little more than $800,000 at Buffalo after agreeing to a contract extension earlier this month.

Alabama also agreed to pay the $750,000 buyout to Buffalo for breaking the new contract. Should he leave the Tide for another job, that will come with a much higher buyout. Oats would have to pay $8 million to leave in his first year, $6 million in the second year and $4 million in Year 3.

Alabama would have to pay Oats more than $9.1 million to fire him without cause in the first year. It drops to $7.3 million in the second year, $5.5 million after Year 3. The school paid Avery Johnson $5.5 million to buy out his contract last week.

Other perks of the deal:

$12,000 annual expense account.

Two dealer vehicles for personal use.

A membership to North River Yacht Club paid for by the school. Oats would be responsible for any other expenses.

$225 a month for a cell phone stipend.

$5,000 annual athletic apparel allowance.

Moving expenses to relocate from Buffalo.

The school will pay for four round trips to Buffalo while his family relocates.

There are also bonuses for performance on the court and in the classroom. An SEC regular-season or tournament title would be worth $50,000 a piece. An NCAA tournament trip is worth $50,000 in the first two seasons and $25,000 after that. Each tournament win will net a $25,000 bonus which jumps to $50,000 for Final Four wins.

The deal was signed by Oats on Wednesday and university officials Thursday.

The contract with Alabama still needs to be approved by the board of trustees.

This post will be updated.

Michael Casagrande is an Alabama beat writer for the Alabama Media Group. Follow him on Twitter @ByCasagrande or on Facebook.