Nick Saban, the former head coach of the Alabama Crimson Tide, is widely recognized as one of the best college football coaches in history. During his 16-year career at Alabama, he led the team to seven national championships and 11 SEC championships.
He has also coached at LSU, Michigan State, Toledo, and the Miami Dolphins of the NFL. Saban has announced his retirement from coaching in January 2024, leaving a record of greatness and accomplishment. But how much money has Saban made throughout his career, and what is his net worth in 2024? Let’s find out.
Nick Saban Early Life
Nick Saban was born on October 31st, 1951, in Fairmont, West Virginia. Nick was raised in the little hamlet of Monongah with his sister and later attended West Virginia State University. He then played on the championship team. He then attended Kent State University, earning a bachelor’s degree in business before finishing with a master’s degree in sports administration in 1975. Nick Saban was a defensive back for the Don James-coached Kent State football team.Nick Saban Salary and Bonuses: How Much Did He Earn as a Coach?
Nick Saban’s net worth in 2024 is $70 million. This is primarily due to his remarkable earnings as a coach, particularly at Alabama, when he was the highest-paid college football coach in the world.
Saban earned a total of $130 million in pay and bonuses throughout his 16 seasons at Alabama. His base compensation averaged $6.9 million per year, but he also earned different incentives and performance bonuses, which increased his earnings.
View this post on InstagramFor example, in 2017, he made $11.5 million, which includes a $4 million signing bonus and a $1.3 million national championship incentive. Saban also signed a generous contract deal with Alabama in 2014, guaranteeing him $55.2 million over eight years and a $23 million buyout clause if the coach was dismissed.
How Did He Grow His Wealth?
Aside from his coaching revenue, Nick Saban has several investments and commercial ventures that add to his net worth. Saban owns a 9,600-square-foot lakefront mansion in Georgia that he purchased for $10.95 million in 2013.
He also has other estates in Alabama, Florida, and West Virginia, where he was born and raised. Saban also co-owns Dream Motor Group, a Mercedes-Benz dealership group in South Florida with an estimated annual revenue of $700 million.
Saban also has his brand of luxury vehicles, the “Nick Saban Signature Series” Mercedes-Benz, which bears his autograph and emblem. Saban also makes money from sponsorships and media appearances, such as ads for Aflac and Coca-Cola and a cameo in the film The Blind Side.
Personal Life
Nick Saban and his wife, Terry, have been married for nearly 50 years and have two children together, Nicholas and Kristen. The Sabans co-founded Nick’s Kids organization, which raised over $1 million during Nick’s first three years at Alabama.
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