Nick Saban Gets a $6.9 Million Dollar Per Season Increase

Nick Saban’s Tide Just Got Higher

Nick Saban Signs New Contract

 

Nick Saban, 62,  the head  football coach of the University of Alabama’s Crimson Tide is smiling all the way to the bank today after his new contract with the University was unanimously approved.

The University’s board of trustees compensation committee approved the new eight seasons contract will pay Saban, who was already the highest paid college football coach in 2013 with a salary of $5.5 million, $6.9 million a year.

Saban’s base salary and personal-services fee will total $6.5 million each year.  He will also receive annual contract-year completion bonuses of $400,000. He will be able to add as much as $700,000 a year in performance based  bonuses.

What this means is that  Saban who  had been scheduled to make about $5.5 million for the upcoming season under a his previous deal that had been set to run through Jan. 31, 2020.

Nick Saban has an estimated net worth of $15 million

Saban’s newly structured contract is through Jan. 31, 2022.   He will make a total at least $55.2 million over the next eight years.  In the event of early contract termination by the University, without cause, prior to the end of the contract, they would owe Saban no more than about $23.3 million.

The board of trustees also approved new contracts and ajustments for their nine full-time, on-field assistants.  They will earn just under $5.2 million, combined.

Alabama defensive coordinator Kirby Smart received a one-year extension through Feb. 2017, with no change to a salary that already was set to increase to $1.35 million from $1.15 million.

As for college footballs most disliked former UT and USC’s head coach turned University of Alabama Offensive Coach Lane Kiffin….continue reading here

Alabama’s new offensive coordinator Lane Kiffin was given a three-year contract that is scheduled to pay him $680,000 in each of the first two years and $714,000 in the third.

Lane Kiffin signed a memorandum of understanding with the University of Tennessee on November 30, 2008. The deal included $2 million in 2009, with additional performance bonuses, including a $300,000 bonus if UT competes for the national championship. His salary was set to increase over the six-year-deal, reaching a high of $2.75 million in 2014. The average salary of the deal was $2.375 million. If Kiffin had been fired in 2009 or 2010, the school would have to pay him $7.5 million under a buyout clause; after the 2012 season, the buyout clause decreased to $5 million.Kiffin’s contract stated that if he resigned, he would have to pay UT $1 million in 2009, with the sum decreasing by $200,000 each year of his contract.

Trojans dismiss coach Lane Kiffin

Following Kiffin’s abrupt departure from the University of Tennessee in route to his dream job as the head coach of the  USC Trojans, which would pay him  $4 million per year.  After tumultuous 3+ seasons, USC unceremoniously fired Kiffin following the Trojans’ 62-41 loss to ASU on September 28, 2013.

Jump off the Lane Train Song ~ Lane Kiffin Song

LMAO….Buh Bye Lane Kiffin a USC Farewell

Kevin Steele,the Crimson Tides new linebackers coach was given a two-year deal worth $700,000 a year an the new defensive line coach Bo Davis got a two-year deal worth $450,000 a year.

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