Nick Saban was already a very wealthy man, but the longtime Alabama football coach is now entering new territory — at least for this year.
Saban's contract had not been adjusted since the Texas rumors of 2014, and on Tuesday, the University of Alabama Board of Trustees approved a new eight-year deal that runs through the 2024 season and pays him an average $8.2 million per year (including annual bonuses), according to AL.com. However, the contract is heavily front-loaded, with his 2017 salary off the charts.
The contract includes a $4-million signing bonus. For perspective on the gigantic bonus, 88 of the 119 FBS head coaches at public institutions made less than $4 million in 2016, and 47 were paid less than $1 million, according to USA Today.
His total salary for 2017? About $11.15 million.
Nick Saban will be paid about $30,500 per day during the first year of his contract. Though the best coach in college football history is undoubtedly worth it after six SEC titles and four national titles in 10 years, it's still a staggering figure.