New Orleans Saints assistant coach Mike Riley now has a formal offer from Alabama. He'll now have to decide if he's going to accept it.

Alabama is offering Riley an eight-year deal worth $12 million, but the assistant plans to meet with UCLA officials after Sunday's game vs. the Vikings before making a final decision.

It is unclear whether or not Riley has an offer on the table from UCLA as well, but sources told ESPN.com that the Bruins have floated parameters of roughly $1 million annually.

Family will also be a consideration for Riley, whose wife and children have remained on the West Coast during his tenure in New Orleans.

Riley didn't talk to reporters after practice on Thursday.

"We've made the move and we're waiting and hoping to know something real shortly,'' Alabama Athletics director Mal Moore said in a taped interview on the school's "Hey Coach'' radio program.

"It's an awkward situation that we're in that nobody anticipated, but we're working hard to make this come out an outstanding change here with a new coach in the very near future.''

Saints coach Jim Haslett told The Associated Press that Riley had been offered the job and wanted to consider it over the weekend.

"He's very interested in both jobs,'' Haslett said. "Hopefully this will be taken care of early next week.''

Moore interviewed both Riley and South Florida coach Jim Leavitt on Tuesday, reportedly his first formal interviews since Dennis Franchione left for Texas A&M late last week.

South Florida announced Thursday that Leavitt, 46, signed a contract extension to remain with the program he built from scratch in the past six years. The Bulls have gone 17-5 in two seasons at the Division I level.

Moore has made no public comment on candidates for the job and was out of the office Thursday morning.

Current Tide defensive coordinator Carl Torbush also has expressed interest in the job and had informal talks with Moore early in the process.

Riley, meanwhile, said he's happy with the job he has and wants to just let the process take its course.

"I'm really at peace with whatever happens,'' he said. "I don't really have any inclination."

Riley, an Alabama defensive back from 1971-74, is the secondary coach of the New Orleans Saints after brief head coaching stints at Oregon State and the NFL's San Diego Chargers.

He was fired after posting a 14-34 record in three seasons with the Chargers and losing his last nine games. Before that, however, Riley directed a quick turnaround in two seasons at Oregon State. He led the Beavers to a 5-6 mark in 1998, the school's best record in 27 years.

Information from The Associated Press was used in this report.