UPDATED 5:49 p.m. ET: As it turns out, Nick Saban will indeed be the highest-paid football coach in the country in 2012.
According to the amended contract, Saban will be paid a “talent fee” of $5,071,666.66 plus a base salary of $245,000, which means his total base compensation for the 2012 season will be just over $5.3 million.
That total will trump Mack Brown, who was the highest-paid coach in 2011 but will make just over $5.2 million from Texas this year.
UPDATED 4:26 p.m. ET: The Birmingham News is reporting that Nick Saban will actually earn $5.3 million in the first year of his amended deal, which would in fact make him the highest-paid coach in college football.
We’re currently attempting to figure out from where the $200K discrepency comes.
Over the weekend we opined that it would be a no-brainer to make the best college football coach in the country the highest paid at his craft as well.
Monday afternoon, Alabama announced something just short of that.
The University of Alabama Systems board of trustees met Monday to consider contract amendments for head coach Nick Saban and seven of his assistants, as well as the contracts of two new offseason coaching hires. And, to the surprise of almost no one, Saban was on the receiving end of a raise coming off another BcS title, albeit not as significant of a pay bump as some would’ve thought was deserved.
According to the terms of his amended contract, Saban will earn just under $5.1 million million in 2012, up from $4.8 million in 2011. Texas’ Mack Brown will remain the highest-paid coach in the game after pulling in $5.2 million in 2011.
Saban, entering his sixth season with the Tide, will receive a $50,000 raise following the 2012 season, followed by annual raises of $100,000 through the life of the contract. The deal would top out at around $5.7 million provided there are no further enhancements.
Saban’s amended contract was also extended by two years, meaning the 60-year-old is now signed through the 2019 season.
We’ll have additional details on Saban’s new contract as well as the amendments made to his assistants as they become available. In the meantime, take a shot at the poll below, and offer your thoughts in the comments section below that.