Alabama head coach Nick Saban signed a massive contract extension over the weekend, ending the rumors that he was heading to the Texas Longhorns. The new deal will not only keep him in Tuscaloosa, but it will also set up the Saban family financially for generations to come.
Saban’s extension is worth an average of $7 million per year through the 2020 season, according AL.com. That’s an increase of approximately $1.5 million annually from his 2013 salary.
Saban may be coaching in college, but his pay is on an NFL level. The next highest paid college coach was Mack Brown, at just under $5.5 million annually. Urban Meyer makes $4.6 million per year at Ohio State, which really puts Saban’s enormous contract into perspective.
An annual salary of $7 million holds its weight, and then some, against the big leagues, as well. The only coaches set to earn more are New Orleans’ Sean Payton ($8 million/year), New England’s Bill Belichick ($7.5 million/year), and Kansas City’s Andy Reid ($7.5 million/year). For every other coach in the NFL, as well as professional American sports, Saban’s contract is as much or more.
If you’re wondering if he’s worth the money, he is. In his seven years at Alabama, Saban has won three national titles, and coached the program to a 74-14 record. If it weren’t for one of the wildest plays in college football history, he likely would be headed to his fourth title game with the Tide.
Texas may have put a scare in Tide Nation, but Alabama was never going to let this living legend walk out the door.