Alabama announced both a contract extension and a raise for Nick Saban last week - increasing his salary to $7.5 million this season, with further increases of $400,000 per year until 2025. If Saban were to stick around for the length of the contract, he'd make approximately $75 million.
Saban, now the sport's highest-paid coach, is clearly a rich man. But ESPN's Paul Finebaum doesn't think he's rich enough - at least when it comes to what he generates for the school.
Finebaum joined Get Up on Monday morning to talk about the new Saban deal - suggesting that he should be paid way more money than he currently makes.
Finebaum says that Saban should be making more like $50 million per year - comparing him to a Fortune 500 CEO. Brad Crawford of 247 Sports transcribed Finebaum's bit on the network:
"I think it’s outrageous he’s making only $75 million,” Finebaum said during Monday's appearance on Get Up!, ESPN's new morning show. "Nick Saban is worth more than that. What he has done at the University of Alabama in transforming a once great program that was dormant when he took over to the singular best program in the country ... If you put Nick Saban down the street on Wall Street and he was leading a Fortune 500 company with the same success on the New York Stock Exchange, he would be making over $50 million a year.
"Look around at what corporate executives are making. He’s better than those people and there are no scandals associated with him. I don’t think it’s outrageous at all to say he should be making more than $50 million a year. Would that set a bad example in college athletics? What difference does it make. He’s worth more than that.”
Finebaum is going a little overboard, but his point is well taken. Alabama's football program posted a profit of $45.96 million last year - but the athletic department's overall profit was just $15.7 million.
So yes, Saban could be paid a lot more, but $50 million is a stretch.
Regardless, Saban doesn't appear to be letting up any time soon. Alabama won last year's national title in dramatic fashion over Georgia and they're a lock to be the No. 1 ranked team in the country heading into this coming season.