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Too Much Money For Coaches? Not If They Win

The next time you hear someone complaining about the amount of money a college football coach is paid… just throw out the name Nick Saban.

When Saban was hired at Alabama, he was given an eight-year contract that would pay him $32 million.  That was the biggest deal in the nation for a college football coach.

According to records from the US Department of Education, the Tide football program made $38.2 million from July 1, 2008 through June 30th, 2009.

In other words, in one single year the Tide football program paid for Saban’s entire eight-year initial contract.

“That makes it pretty much an open-and-shut case,” a UA economics professor said.

Yes it does. 

And while not all coaches are as successful as Saban, it does give you a good idea why so many of the big-time college football programs are willing to pay $3 or $4 million for a head coach or up to $1 million for a coordinator. 

They’re worth it.

Let’s say Saban had tanked in his first two years.  Let’s cut Bama’s football revenue in half.  At $19.1 million per year, Alabama would still easily cover the cost of his yearly salary.

So the next time someone starts to complain about the salaries of college football coaches, stop and remember Saban.  Remember that these guys oversee big businesses.  Big businesses that make big, big dollars for their schools.

 


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