Few Americans have the job security that Nick Saban does.
The Alabama Crimson Tide coach has reportedly been given a two-year extension from the program to ensure Saban is with the team through the 2019 season, according to Michael Casagrande of The Daily Bama Blog.
The board of trustees agreed to pay him $5.1 million next year, and the salary will increase by $50,000 after the year. From there it will rise by $100,000 per year. That means by the year 2019, Saban will be making $5.72 million for the year. The contract is scheduled to run out on January 31, 2020.
Monday’s news is hardly shocking. Saban has won two championships at ‘Bama and is fresh off embarrassing one of its main rivals in LSU at the title game.
There is already a statue of Saban outside of Bryant-Denny Stadium, there have been children named after him and he even signed an autograph on a baby. In a crazed sports state, Saban trumps everything. He is the king of Alabama, and naturally the king has to be paid like one.
But the amount of money Saban is scheduled to make is a reminder that college football is big business. Saban is roughly going to make $43 million over the next eight years. How much will the players that pass through his program who put their bodies on the line make?
With three national championships and an incredible successful track record for recruiting, there is no doubt Saban is one of the top three current coaches in the profession.
But boy, does it take a lot of money to ensure they aren’t going anywhere.