Well all of Baton Rouge is holding thier collective breath waiting for the NFL jobs to fill up. It looks like the only real push may be coming from the Bears. Saban has ties to Bear's GM Angelo, but LSU is making the bid to keep Saban happy. Some leaks have come out that LSU is offering Saban in the 3 million range for 6 years. Now I don't know if the $$$ is accurate, but I would think with all of the "incentives" added in as well as support from the fundraising wing of the athletic department that $3 mill may be pretty close.
It seems like a whole lot to pay a coach, but when you look at the money that Saban is bringing into the university it really is fair market value. For example, 2 years ago the athletic department pulled in around $900,000 in royalties from athletic merchandise. Last year that jumped to around $1.2 mill. They are projecting around $2 - $2.5mill.
This doesn't even take into account that LSU will begin a per seat donation fee for all season tickets next year. This is possible mostly due to the fact that Saban and resurrected the program. IMHO, give him whatever he wants to stay...hell I'll even mow his lawn!