Nov 9, 2013; Tuscaloosa, AL, USA; LSU Tigers head coach Les Miles and Alabama Crimson Tide head coach Nick Saban greet each other midfield before the start of their game at Bryant-Denny Stadium. John David Mercer-USA TODAY Sports

Update: Jess Nicholas, TideFans.com Editor-In-Chief is hearing the same things we are. In a post late Saturday, he reports:

Speaking on condition of anonymity, a source told TideFans.com that Alabama and Saban have agreed in principle to terms on a deal. The contract would be for multiple years and would include a raise from his current deal, which pays him around $5.5 million annually. While exact figures were not yet known, the raise was described as “significant” and is all but certain to make Saban the first college football coach earning more than $6 million per year.

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A Crimson Tide message board is stating that head coach Nick Saban has agreed to a contract extension with Alabama, finally putting to rest endless rumors and speculation about his future.

A frenzy that occurred earlier this week with another website’s unsubstantiated reports that Saban had agreed to become the next head coach at the University of Texas. However, the Alabama news site and message board Tider Insider says that Saban has agreed – or is very close to agreement – to a new contract with Alabama.

Lending further credence are reports from ESPN personalities:

According to @ESPN_Colin, Alabama is close to re-signing Nick Saban — Jeff Platt (@jeffplatt) December 6, 2013

Details have not been announced, and the contract has not been confirmed by the university, but numbers will no doubt reflect his accomplishments, including winning three of the last four BCS Championships.

The Saban-to-Texas rumors have been ongoing for more than a year, despite repeated denials by Saban and his wife Terry. On Thursday University of Texas president Bill Powers also denied that the Longhorns were working to hire Saban.

“I’ve never met Nick Saban. I’ve never talked to Nick Saban. We have not hired Nick Saban,” Powers told the Austin American-Statesman. “Mack’s our coach, and I can say flatly that the rumors we have hired or come to an agreement with Nick Saban or even talked to him are false.”

Tide fans may be tired of the endless churning of the rumor mill, but it could be worse; Alabama could have a coach that nobody wanted.