Nick Saban Becomes Highest-Paid Coach In College Football With New $93.6M Contract-Extension
Alabama head coach Nick Saban has now jumped ahead of Georgia head coach Kirby Smart by becoming the new, highest-paid coach in college football. Saban’s new 8-year, $93.6 million contract extension was approved by Alabama’s Board of Trustees. The contract pays Saban an average of $11.7 million per year, which overshadows Smart’s 10-year extension with Georgia. Smart’s contract pays him an average of $10.25 million per year.
The details of the new contract include increased base pay, talent fee, and a contract completion benefit. Saban’s base pay increases to $305,000 per year. The main language of his contract involves the “talent fee”, which will start approximately $9.6 million in 2022 and increase up to approximately $12.4 million at the end of the deal when Saban is 79-years-old. Upon completion of the contract, Saban will reportedly receive $800,000 in benefits each year between 2022 & 2025.
When speaking to the SEC Network, Saban spoke about how much he loves his job as head coach.
“I love the relationships with the players, I love the competition, the preparation for the games. I just love it. I wish you all would ask all the other coaches who come up here — because they tell the recruits I’m going to retire — ask them how they know I’m going to retire when all I think about is what am I going to do if I retire, because I love what I’m doing now. So how am I going to be happy not coaching?”
A well-deserved pay, as Saban has found great success since coming to the world of college football from his time in the National Football League. Saban’s time in the NFL was short, spending only two seasons in the league as head coach of the Miami Dolphins. Saban led the Dolphins to 15-17 record, and only barely missed the playoffs in his first year after going 3-7 & winning their last six games. Saban suffered his first losing record as a head coach in his second year with the Dolphins after starting the year 1-6, and ultimately ending the regular season with a 6-10 record.
Saban has cemented himself as one of the greatest head coaches in the history of college football, winning a total of seven national-championships since coming to the Crimson Tide program in January 2007. Saban joined Alabama legend Paul “Bear” Bryant as one of the only coaches to win five national championships in the poll era, after Saban led the Crimson Tide to a 45-40 victory in the 2016 National Championship over the undefeated Clemson Tigers.
CBS has more HERE.