What is Nick Saban Net Worth ?
Nick Saban is an American college football head coach who has a net worth of $60 million. Saban is the highest-paid college football coach in the world, and his salary matches his reputation. With base salary and bonuses, he makes over $10 million per year.
Countless critics view Nick as the best college football coach in history, and he has achieved some incredible things over the course of his career.
Along with a strong record, Saban is one of only two coaches who have won SEC Championships with different schools. He is often compared to Bear Bryant, another legendary college football coach.
Nick Saban was born on October 31st of 1951 in Fairmont, West Virginia. Raised in the small town of Monongah alongside his sister, Nick eventually attended West Virginia State University. Once there, he played on the championship team.
He then attended Kent State University, obtaining his bachelor’s degree in business, before graduating with a master’s degree in sports administration in 1975. While at Kent State, Nick Saban played defensive back for the football team and played under coach Don James.
Nick Saban began his career by acting as assistant coach for Syracuse University, West Virginia University, Ohio State University, the Naval Academy, and Michigan State University. This period helped Saban gain valuable experience, and it lasted from 1977 to 1987. His long term goal was to return to Kent State as their new head coach, but Dick Crum was hired instead.
Contracts and Salary
In June 2014, Saban signed a contract extension with Alabama to keep him at the school through 2022. The total value of the restructured deal was $55.2 million. The contract also stipulated that even if he gets fired at some point, Alabama will still be on the hook for $23 million.
His base salary over those eight seasons averaged $6.9 million, a considerable increase compared to his previous salary of $5.6 million per year.
With bonuses, in 2017, he earned a salary of $11.5 million, which made him the highest-paid coach in college football. In addition, this salary makes Saban the highest-paid public employee in the entire state of Alabama.
Nick’s salary is so lucrative that he now rivals coaches in the NFL and NBA in terms of gross earnings.
In June 2021 Nick signed a new 8-year contract with Alabama worth $70.6 million. His base salary under the new deal is $8.8 million.
In 2007, Saban and his wife Terry purchased a home in Tuscaloosa for about $2.9 million. In 2013, Saban sold his 8,700-square-foot property to the Crimson Tide Foundation for $3.1 million. This was ostensibly part of Saban’s deal with the university, and he continued to live in the property even after he had sold it.
In this way, the Crimson Tide Foundation was able to provide housing for Saban, paying the property taxes and other fees. This is a relatively common practice, as the university also purchased Bear Bryant’s house in a similar fashion years earlier.
Nick Burton also has a history of buying real estate on Lake Burton in the North Georgia Mountains. He purchased one property that featured 9,600 square feet of living space and 1.7 acres of land. The property is flanked by forests and sits right on the water, with over 700 feet of lake frontage.
In 2013, Saban sold this home through an auction for just under $11 million. After selling this property, he didn’t have to move far. At the time of the auction, Nick’s family already owned a second home on Lake Burton with a similar value.