Nick Saban, the renowned former head coach of the Alabama Crimson Tide, has embarked on a new phase in his career. Recently revealed documents indicate that Saban will now serve as an advisor to the University of Alabama, earning a notable $500,000 annually. This new role includes an office within Alabama's Bryant-Denny Stadium and offers a monthly salary of $41,666 for a 40-hour work week.
A Pay Raise in Retirement
Interestingly, Saban's advisory salary surpasses the $305,000 base salary he earned in 2023, his last year coaching the Crimson Tide. However, this base figure doesn't capture the full extent of his earnings. Saban's coaching contracts were laden with bonuses and structured payments, significantly elevating his total compensation into the eight-figure range.
In 2022, Saban signed an eight-year contract with Alabama valued at $93.6 million, which included a $305,000 base salary and a talent fee exceeding $9 million annually. These terms made Saban the highest-paid coach in college football at the time.
Continued Involvement Post-Retirement
Following his retirement announcement, Saban received a payment of $858,716 from Alabama in February. In addition to his advisory duties, he will also share his expertise as a college football analyst on ESPN's "College GameDay," maintaining his presence in the sport.
A Successor’s Challenge
Saban's departure opened the door for his successor, former Washington coach Kalen DeBoer, who was awarded a 10-year contract by Alabama. This contract starts at $10 million for the first year and will increase by $250,000 annually. DeBoer made a significant impact in the 2023 season with Washington, guiding the Huskies to their first College Football Playoff National Championship appearance and earning $4.2 million for his efforts.
Summary
Nick Saban, Alabama's former head coach, is now earning $500,000 annually as an advisor at the university, a notable increase from his previous $305,000 base salary. Saban's prior contracts, filled with bonuses, boosted his earnings into the eight-figure range. In 2022, he signed a $93.6 million contract over eight years, making him the highest-paid college football coach at that time. Post-retirement, Saban continues to influence the sport as an ESPN analyst and Alabama advisor. His successor, Kalen DeBoer, has secured a lucrative 10-year contract starting at $10 million annually, following a successful season with Washington.
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Article inspired by Will Backusof CBS
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