Alabama coach Nick Saban has regained his spot as the highest-paid coach in college football after the University of Alabama Board of Trustees' compensation committee approved a one-year contract extension. The new terms push Saban's contract out through the 2029 season and pays him more than $90 million over the next eight years.
The contract increases his base compensation to $305,000 over each year of the contract. However, the main part of his contract involves the "talent fee," which starts at $9,595,000 during the 2022 season and will increase to $12,395,000 at the end of the contract, when Saban is 79. Additionally, Saban will receive an $800,000 contract completion benefit each year between 2022 and 2025.
"Our family is very happy to agree to a contract extension with The University of Alabama," Saban said in a statement. "Terry and I are very appreciative of the unmatched commitment the University has shown to this football program and our family over the last 15-plus years. This is our home, and we look forward to finishing our career at Alabama. I've said this before, but the most fulfilling part of our job is seeing the players that represent our program grow and develop, not only in football, but more importantly in what they have been able to accomplish in their lives because of their involvement in our program. We want to thank the Board of Trustees, chancellor [Finis] St. John, president [Stuart] Bell, athletic director Greg Byrne, our athletics administration, the football staff and the whole University community for their support."
With the new contract, Saban will make $10.7 million in 2022, prior to incentives, which pushes his salary number past Georgia coach Kirby Smart's $10.25 million salary. Smart signed a 10-year, $112.5 million contract in July that briefly made him the highest-paid coach in college football. Saban's new contract pays him an average of $11.7 million per season. Saban and Smart won the last two national championships.
Saban has stood as the highest-paid coach in the sport for years, and for good reason. The Alabama coach is on perhaps the greatest run in the history of college football and cleared the $100 million career earning mark at Alabama this year.
"We are incredibly fortunate to have the best football coach in the nation and one of the greatest coaches of all time, regardless of sport, here at Alabama in Coach Saban," said Byrne. "Not only have his teams been successful on the field, but they have also achieved greatly in the classroom and community. Beyond that, the impact he and Ms. Terry have had on The University, Tuscaloosa and the state of Alabama cannot be overlooked. They are special people, and we are very thankful to have them around for many years to come. We are so proud of this program and the championship culture Coach Saban has instilled throughout."
Saban holds a 178-25 record at Alabama with six national championships. Along with his lone title at LSU in 2003, Saban boasts the most national championships out of any coach in college football history. Additionally, the Crimson Tide rank No. 1 in the preseason AP Top 25 after bringing back Heisman-winner Bryce Young and Nagurski winner Will Anderson, perhaps the best offensive and defensive player in the sport respectively.
The legendary coach turns 71 years old on Halloween. However, Saban has been adamant that he is in no hurry to retire as he continues to produce national-caliber teams every year.
"I love my job. I love it," Saban told the SEC Network. "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?"
"spot" - Google News
August 23, 2022 at 11:09PM
https://ift.tt/vRUGoPg
Nick Saban contract extension: Alabama coach regains highest-paid spot with deal worth $93.6 million - CBS Sports
"spot" - Google News
https://ift.tt/Me0dSAz
https://ift.tt/g0hBrMz
Bagikan Berita Ini
0 Response to "Nick Saban contract extension: Alabama coach regains highest-paid spot with deal worth $93.6 million - CBS Sports"
Post a Comment