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Nick Saban Net Worth: Nick Saban Becomes Highest-Paid Coach in College Football

Nick Saban Net Worth

Nick Saban Net Worth

Nick Saban, head coach of the Alabama Crimson Tide, has amassed one of the best records in college football. Saban’s coaching career has resulted in seven national titles, one with LSU and six with Alabama. Given his achievements, it is interesting to speculate on what Nick Saban will be valued in 2023.

Nick Saban Net Worth

Nick Saban, head coach for Alabama Crimson Tide of the NCAA Division I FBS, is a multi-millionaire of $70 million. It’s no surprise that Nick Saban earns more than any other college football coach on the globe. Saban receives well over $12 million annually between his salary and bonuses.

Nick has accomplished so much in his career that many people consider him the best college football coach ever. Saban is one of only two coaches in SEC history to win the title with two separate institutions, and he also has an impressive win-loss record. The great Bear Bryant, another college football coach, is often held up as an example for him to follow.

Nick Saban Signs $90 Million Contract Extension with Alabama

Saban inked an extension with Alabama in June 2014 that will keep him on staff until the 2022 season. The new, improved arrangement was worth $55.2 million. Even if he is fired at some point, Alabama is still obligated to pay $23 million per the terms of the deal. Over those eight seasons, he earned an average of $6.9 million base salary, a significant bump over his prior annual compensation of $5.6 million.

His pay and bonuses in 2017 were $11.5 million, making him more than double the next highest-paid coach in college football. This compensation also positions Saban as Alabama’s highest-compensated governmental employee.

Nick’s salary has skyrocketed to the point where he can compete financially with NBA and NFL head coaches.

Nick renewed his deal with Alabama in June 2021 for a further eight years and $70.6 million. The new contract sets his annual pay at $8.8 million.

Nick renewed the contract he had signed a year earlier in August 2022. This new agreement increased his total compensation to $90 million, or $11.2 million per year on average.

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Nick Saban Sells Tuscaloosa Home for $3.1 Million

Approximately $2.9 million was spent on a home for Saban and his wife Terry in Tuscaloosa in 2007. Saban donated $3.1 million to the Crimson Tide Foundation after selling his 8,700-square-foot home in 2013. As part of his agreement with the institution, Saban presumably kept his residence there after selling it.

The Crimson Tide Foundation was able to cover Saban’s home costs by making mortgage and tax payments on his behalf. The university previously acquired Bear Bryant’s home in a similar method, so this is not an uncommon occurrence.

Nick Burton has a history of property purchases in the North Georgia Mountains around Lake Burton. He bought a single house that was 9,600 square feet in size and sat on 1.7 acres of ground. With over 700 feet of lake frontage and surrounded by trees, this property is a dream.

Saban’s property was for slightly under $11 million at auction in 2013. He was able to sell this house and relocate without going too far. Nick’s family had a comparable lake house on Lake Burton that they owned at the time of the auction.

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