On Friday, the University of Alabama announced a contract extension for Nick Saban through 2025.

The Alabama coach was scheduled to make $7.125 million this season, but he will now make $8.3 million. Saban also gets an extra $400,000 annually with his updated contract.

And somehow, he’s still way underpaid.

Paul Finebaum joined WJOX 94.5 Monday morning to discuss Saban’s extension, and according to the SEC Network host, the move had more to do with silencing some of the critics on the recruiting trail than anything.

“I thought that (Nick) Saban and his associates were trying to stop some of these rumors that he’s going to retire at some point in between now and the end of time,” Finebaum said. “And what I mean by that is his age. You can’t outrun it no matter who you are; no matter how old or young you are. And I think Saban knows that Jimbo Fisher to the West, Kirby Smart to the East and Gus Malzahn to the South, his age is being mentioned all the time on the recruiting trail, and I think between Saban and Greg Byrne that they decided, ‘We have to try to stop this’ by announcing something like that. And it’s one thing to say you have a two-year extension, but by announcing it really until the end of time — it seems like that’s what it was, it at least stops it. And as you well know — and your audience knows, it was a very big recruiting weekend, and I think in the end it was a very smart decision.”

Finebaum went on to say that Saban should make $50 million per year.

“And what I also must say is that the money surprises me. And I know this is a public university and you just can’t throw money around like you’re in Hollywood, but when you read what corporate executives make … I cannot believe that Nick Saban — and I say this without my tongue and my cheek — is only making $8 or $9 or $10 million a year. If Nick Saban was in the corporate world, he would be making $50 million per year. He deserves to make $50 million per year. That’s not an overstatement.”

Here’s the full segment with Finebaum: