Alabama’s football Coach Nick Saban will make $6.9 million a year for the next eight seasons, keeping him at the top of the highest paid coaches list.
“He is the best coach in the country and he’s brought Alabama back to the pinnacle of college football,” Alabama Athletic Director Bill Battle said in a statement released by the university. “His success on the field is obviously second to none, but Coach Saban’s influence on academics and all the other areas of our athletic programs are equally impressive to me.”
It is a great deal for Alabama. According to data from the U.S. Department of Education’s Office of Postsecondary Education, the Crimson Tide football program generated $88.7 million in revenue and just $41.6 million of expenses, leaving an estimated profit of $47.1 million. The entire coaching staff cost the University of Alabama $9.9 million combined, or roughly 20.9 percent of net revenues. However, among the top 10 coaches in salary for 2013, Texas Longhorns head coach Mack Brown, along with his staff, was a better value.
The University of Texas generated $109.4 million in revenue from football with an estimated net profit of $81.7 million, making Brown and his staff’s cost of $9.5 million a mere 11.6 percent of the net revenue.
The worst value? University of Louisville’s former coach (and current Texas Coach) Charlie Strong. He is ranked 10th among head coaches for salary yet the football program paid the entire coaching staff ($6.4 million) more than they generated in net revenue ($4.9 million). However, with Strong assuming head coaching duties at a reported $5 million for the 2014 season, even he could be a better dollar value than Saban.