Booster group bought Saban’s home for $3.1 million

Nick Saban gets to live free of charge in a $3.1 million home paid for by a booster group. (AP photo)

Nick Saban gets to live free of charge in a $3.1 million home paid for by a booster group. (AP photo)

How would you like if someone paid for your house, let you live in it — rent free — and are now paying the yearly property taxes?

It’s nice to be Nick Saban.

A group called the Crimson Tide Foundation paid $3.1 million for the four-bedroom, 4 1/2-bath, 8,759-square-foot home that Alabama’s coach and his wife Terry bought in 2007, according to AL.com.

And before you say that has to be an NCAA violation. It’s not.

“A spokeswoman for the NCAA said a coach’s compensation package is determined by the university, and a university foundation is allowed to be a source for coach compensation,” according to the article.

“It’s not all that unusual in the world for universities to provide the housing,” Scott Phelps, assistant secretary of the foundation, told AL.com. “We want to keep him happy. We think he is the best coach in America.”

Phelps told the website that Alabama also “owned both of the homes that coach Paul “Bear” Bryant lived in with his family.”

Saban made $5.5 million in 2013 and signed new deal for $6.9 million a year, earlier this year. That doesn’t include bonuses.

The article states that the foundation bought the Sabans’ home after Alabama won the 2012 national championship, while Texas was trying to lure him away to coach there.

Saban has led Alabama to national championships in 2009, 2011 and 2012. The Crimson Tide (7-1) are third in this week’s AP Top 25 and moved up to No. 2 in this week’s SEC Power Rankings.


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