Sports

Alabama Boosters Buy Nick Saban's Home, Let Him Live There For Free

| by Jonathan Wolfe

Nick Saban has lived a pretty good life over the last 15 years or so. First, he won a national championship at LSU. After mastering college ball, he headed to the NFL for a few years to coach the Dolphins. After some fun in South Beach, he went back to the college ranks to coach the Crimson Tide, where he’s won four national titles in seven seasons. Not a bad deal. Oh, and he makes $7 million a year.

Another perk of being Nick Saban, as AL.com reports today, is that you don’t even have to buy a home – you can get uber-wealthy boosters to do that for you.

Saban bought his current home for $2.9 million in 2007. Six years later, he sold it to the Crimson Tide Foundation, a non-profit Alabama athletics booster organization, for $3.1 million. He didn’t leave the house, though. He still lives in it. The Crimson Tide Foundation helps him out by footing the bill for the home’s property taxes, and Saban gets to live in a multi-million dollar home for free.

The foundation approached Saban about purchasing the home amid rumors that the University of Texas was courting the coach to their program.

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“We want to keep him happy,” said Scott Phelps, assistant secretary of the Crimson Tide Foundation. “We think he is the best coach in America.”

Keep living the dream, Nick.