Nick Saban is one of the most successful coaches in college football history, with multiple national championships to his credit. Still, his whopping new contract with the University of Alabama, a public, tax-payer supported university, is sure to raise a few eyebrows.
ESPN reports newly released details on Saban’s salary:
The four-time championship-winning coach will make an NCAA-best $6.5 million in base salary per year through Jan. 21, 2022. The new contract adds two years and roughly $1 million annually in salary from the previous raise he received in April 2013.
Saban also will be awarded a $400,000 completion bonus per year, bringing the total contract to $55.2 million.
“We are honored by the commitment the University of Alabama has made to us with this new contract,” Saban said in a statement. “It is certainly a mutual agreement in terms of our commitment to the University of Alabama. We will continue to work hard to keep our football program among the nation’s elite.”
Defenders of huge coach salaries often point out that popular division I men’s sports like football and basketball often earn far more money for leading schools than they take away. It’s a great source of profit.
On the other hand, for those who argue there’s too much money in college sports, coach Saban sends his apologies via text message from the gilded iPad on board his custom private jet, currently en route to an undisclosed private island getaway constructed entirely of Saban’s discarded $100 bills.
Nathan Harden is editor of The College Fix and author of the book SEX & GOD AT YALE: Porn, Political Correctness, and a Good Education Gone Bad.
Follow Nathan on Twitter @NathanHarden
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