Alabama Crimson Tide head coach and Little Debbie fan Nick Saban received a contract extension today, which will pay him over $9 million per year to lead the reigning national champions through the 2028 season.
News from Alabama: Nick Saban's contract extended through 2028, at which point he'll be 77 years old. pic.twitter.com/GFKRhwnOlD— Ross Dellenger (@RossDellenger) June 7, 2021
Saban would be 77 years old if he saw the end of the deal, but it’s likely a good deal for both sides. Saban can buy more vacation property in Boca Grande, and Bama gets some cost certainty going forward for the man that is very much worth more than what he’s being paid to the economy of a bottom five state for education overall.
Under the current economics of college football, Saban is worth his weight in gold. Since players can’t be paid, and Alabama already has the largest support staff and best facilities in the sport, putting the money into having the best human capital makes sense. This might change with the addition of Name, Image, and Likeness rights for the players, but for now Saban is underpaid if anything.
Saban has won seven national championships, including six at Alabama in 14 seasons.