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Nick Saban officially becomes the $7 million* man

Nick Saban AP

(*almost)

Nearly six months after originally agreeing to a new deal — and thanks in large part to Texas’ purported interestNick Saban has officially become an even richer head football coach.

As expected, Alabama’s Board of Trustees Tuesday approved a new contract for Saban that includes both an extension and a significant raise.  The head coach is now signed through the 2022 season; his old contract was set to run through the 2020 season.

If he fulfills all the years remaining on his contract, Saban would be 70 years old at the end of the deal.

Salary-wise, and while not the $7 million to $7.5 million average as previously reported, al.com reports that Saban will be paid an average of $6.5 million annually in base compensation.  Additionally, the Associated Press reports, Saban will receive an additional $400,000 per year for what’s described as a “completion fee.”

Last season, Saban earned in the neighborhood of $5.6 million.

“We are pleased to announce that Coach Saban’s contract extension has been approved and that he’ll be our head football coach for many years to come,” said UA athletic director Bill Battle. “He is the best coach in the country and he’s brought Alabama back to the pinnacle of college football. His success on the field is obviously second to none, but Coach Saban’s influence on academics and all the other areas of our athletic programs are equally impressive to me.”

Not only is Saban easily the highest-paid coach in the game — Mack Brown made a little over $5.4 million at Texas before stepping down — but he’s one of the highest-paid of any coach in any sport in the United States.

Sean Peyton of the New Orleans Saints tops all coaches with his $8 million salary. Other NFL head coaches like Bill Belichick (New England Patriots, and Saban’s former boss) and Andy Reid (Kansas City Chiefs) earn roughly $7.5 million, while still other NFL coaches — Pete Carroll (Seattle Seahawks), Jeff Fisher (St. Louis Rams) — as well as an NBA coach – Doc Rivers (formerly of the Los Angeles Clippers) — pull in $7 million a year.

The only college coach who will make more than Saban moving forward? Duke men’s basketball coach Mike Krzyzewski.

The lofty compensation package, however, is most certainly worth it to the university in general and athletic department specifically.

In his seven years in Tuscaloosa, the Tide has gone 74-15, They’ve won at least 10 games six years, and of course have added three BCS titles to the trophy case.  Add in the utter dominance on the recruiting trail, and UA has locked down the man who most feel is the best coach at the collegiate level.

“We are honored by the commitment the University of Alabama has made to us with this new contract.” said Saban. “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. My passion has always been to develop young men to their full potential as student-athletes. We’ve had great success in that area at Alabama and I’m appreciative of all the support and the resources we receive from the administration in order to make that happen. Our graduation rates are among the best in the country and that means as much or more than the victories on the field. We want our players to be more successful in life because they were involved with our program and I think we’ve been able do that.

“Terry and I are also proud to continue to contribute to the growth at the University of Alabama, this community, and the state of Alabama. We’ve been able to do some outstanding things through Nick’s Kids, the First Generation Scholarship Fund and we’re proud to help build the new St. Francis University Student Center. The past eight years have been productive in so many ways and we are grateful to call Alabama our home.”

In addition to Saban’s contract, new contracts for all of the coach’s assistants were announced as well.  New offensive coordinator Lane Kiffin signed a three-year deal that will pay him $680,000 in 2014 and 2015, then jump to $714,000 in 2016.  Based on the rapidly escalating coordinator salaries, the Tide got Kiffin for a relative pittance, although that arose from the coach receiving his buyout after being fired by USC.

All of the returning assistants on Saban’s coaching staff received raises ranging from $20,000 to $75,000, with the exception being Kirby Smart.  The defensive coordinator will make the same $1.35 million the next two years as previously called for, although he did have a year tacked on to his contract.

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8 Responses to “Nick Saban officially becomes the $7 million* man”
  1. dmvtransplant says: Jun 3, 2014 5:24 PM

    So does that make him the highest paid state employee in every state?

  2. shaunodame says: Jun 3, 2014 8:38 PM

    In my opinion, these outrageously inflated coaching contracts are one of the biggest reasons there is all this talk about paying the players. It’s hard NOT to feel a little ripped off when your coach is pulling in 55 million over the course of your time at the school.

    Don’t get me wrong, being a coach is a lot harder than most people like to think. At the DI level, from August-January it might honestly be one of the most demanding jobs in the entire nation. But there is just NO WAY they deserve multi million dollar salaries per year! Put that money into some academic scharships or something useful

  3. dumbpollack says: Jun 3, 2014 10:34 PM

    This guy is proof that money doesn’t buy happiness.

  4. dhardy8207 says: Jun 4, 2014 9:05 AM

    LOL @ the hate on a thread that the above comments reflect. It is so easy to assume you know the character of someone when all you have to go on is the media.

    Coach Saban and his wife have done ALOT for the community of Tuscaloosa. The city was almost destroyed by an F5 tornado back in April 2011 and since then Nick’s Kid’s foundation partnering with Habitat for Humanity have rebuilt 15 homes, the number to correlate with Alabama’s championship titles. Nick’s Kids Fondation also gives a ton of money to the Children’s Hospital of Alabama every year. The foundation has built several play grounds for the outlying communities such as Alberta City and Cottondale that are in the surrounding Tuscaloosa area. He’s also required players to do some type of community service to reflect some since of duty to the community that supports them. Graduation rates amongst players is up, and he is known for making changes to the program to give his players access to activities that promote growth as responsible adults mentally.

    So while your on here to throw some dirt at a man none of you probably know personally, be above ignorance and try and educate yourself on what he has done and how the people of that community feel about his generosity….

  5. florida727 says: Jun 4, 2014 4:48 PM

    Considering how much money the football program generates, if all he did was win, that alone would justify the contract. The fact that he does more via his philanthropic activities tell you more about the man (and his family) than statistics ever would. I say congratulations Tide fans. You’re blessed to have that kind of man running your program. Those that bad-mouth him are just haters. And they probably, secretly, wish he were coaching THEIR team.

  6. Deb says: Jun 4, 2014 5:44 PM

    Agree with florida727 that the haters absolutely wish Saban were coaching their team. As for the nonsense about coaches salaries driving the players’ desire to be paid … no.

    The NCAA’s draconian rules probably get the most credit for pushing the players to the brink of unionization and demanding payment. While the schools were making billions, the kids weren’t allowed to accept a hamburger from a fan. If a girl receiving a stipend for working at the school invited her player boyfriend to spend the night, it was an NCAA violation. The kids were hounded day and night, threatened with being thrown off the team for any minor discretion. Meanwhile, the colleges and game manufacturers were raking in billions on their names and likenesses.

    Coaches like Saban are paid commensurate with the revenues they generate. If they stop winning, they can be fired on a moment’s notices. It’s a high-risk/high-rewards venture, not for the squeamish.

  7. bornahawker says: Jun 5, 2014 12:55 AM

    Douchebag

  8. dcroz says: Jun 6, 2014 10:23 PM

    Some commentators have cast aspersions on the citizens of Alabama in the wake of this announcement, questioning how so much of their taxpayer money could go to a football coach. But if they bothered to check their facts, they’d know that very little of Saban’s money comes from the public coffers. The portion of his salary that comes from the State of Alabama itself is the same as any high school football coach with his level of education, along with a stipend for being a head football coach. This total amount is well south of $100,000. The rest comes from athletic department funds (which is well into the black, thanks in no small part to Saban), boosters, endorsement deals, media contracts for his coach’s show and appearances, etc. But, anything to mount a soapbox over….

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