Saban's Home Paid Off By Crimson Tide Foundation

[jensinc]

<cite style="margin: 0px 0px 4px; padding: 0px; border: 0px; outline: 0px; vertical-align: baseline; display: block; color: rgb(171, 171, 171); background: transparent;">
</cite>The Crimson Tide Foundation paid off Nick Saban's $3.1 million home in January 2013.

Nick Saban may earn in the area of $7 million per year, but that doesn't stop the Alabamafaithful from helping out their championship-winning coach whenever and however they can.

According to a report from AL.com, the Crimson Tide Foundation paid off Saban's $3.1 million home in January 2013 even though the organization was under no obligation to do so.

The Sabans, who bought the 8,759-square-foot home in 2007, continue living there with the foundation picking up the tab for property taxes each year.

"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, noting how the University of Alabama also owned the home of Paul "Bear" Bryant and his family. "We want to keep him happy. We think he is the best coach in America."

According to the Crimson Tide Foundation website, it is a nonprofit group whose mission is to work with the UA athletic department "by raising private funds and providing necessary resources to achieve success." Those funds are distributed for everything from scholarships to coaching salaries to athletic-related construction projects.

A spokesperson for the NCAA told AL.com that a coach's compensation is allowed to come from a university foundation.

 

[bukis1]

WHAT, he cant afford to pay it himself. What a joke

 

[LoCalDallasGuy]

If the article is to be believed, it seems like business as usual.

 

[JDeuce]

I know a number of NFL head coaches at one time would get their mortgages and most of their bills paid for by the team. The Niners used to do that when Carmen Policy ran the show. Not sure if that's still the case or not...or even if every team offered that. Some did though.

Pretty nice perk if you can get it. Although with the high turnover you see in the league nowadays, it may be best to not get too attached to whatever house you find.

 

[JustinCruise]

sickening

 

[TyBounce]

sickening

It's not near as sickening as it used to be. Would you believe they gave Bear Bryant and Ray Perkins homes funded by state tax payer money ?

Then Perkins left unexpectedly to take the Tampa Bay job and sold his house rather than giving it back to the University , they tried to sue him to no avail and then the state legislature said no more. ... so they started this non profit group.

So at least now the people who make these donations are doing it voluntarily rather than using taxpayers dollars.