U. Alabama Football Coach to Make $55 Million
Wow. Who knew coaching college football could be a path to such tremendous wealth?
College Fix editor Nathan Harden reports.
Univ. of Alabama Approves $55 Million Contract for Football Coach
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.
Univ. of Alabama Approves $55 Million Contract for Football Coach (The College Fix)
Comments
If football makes so much money, then UoA should not be taking federal or any taxpayer funds, and should not have high tuition. If this is what their coach gets, what does their president get?