In 2007, when the University of Alabama signed Nick Saban on as head coach, the nation’s collective jaw dropped at his contract. Over the course of eight years, he was signed on to receive $32 million. At the time, he was the highest paid coach at a public institution.
This past August, his contract was extended three more years, meaning it continues through January 2018. The contract includes three staggered longevity bonuses that will make Saban’s future annual earnings top just a little more than $4.8 million a year.
In the 2009 season alone, he earned $4.45 million, with $400,000 of that coming from a victory over Texas in the BCS National Championship game Jan. 7, 2010. His projected salary for 2009 was originally $3.9 million, after earning $3.75 million in the 2008 season.
For the 2010 season, the estimation for his salary is $4.1 million, followed by $4.15 million in 2011 and $4.2 million in 2012, 2013 and 2014.
Additionally, if Saban continues to fulfill his contract, he’ll receive bonuses totaling $5 million in 2011, 2014 and 2017.
Overall, if he remains Alabama’s head coach through the nine-year deal, his contract is worth $42.35 million.
His salary makes Saban one of the top five highest paid coaches in college football and one of the top three paid SEC coaches.