UPDATE: Summary of 2012 Changes to Alabama Coach Nick Saban’s Head Coach Employment Contract

Want to know more about Alabama Crimson Tide Coach Nick Saban’s new contract? Here is the summary released by the University of Alabama Trustees:

 

Summary of 2012 Changes to Saban Head Coach Employment Contract, As Amended

Existing Contract Proposed Contract
Term Through January 31, 2018 Through January 31, 2020

(2 additional years)

Base Salary $225K through January 31, 2015

$245K through January 31, 2018

$245K from February 1, 2012 through January 31, 2020
Longevity Bonus $533,333.33 on February 15, 2012

$566,666.67 on February 15, 2013-18

Rolled into Talent Fee beginning in 2012
Talent Fee 2012-14 $3,975,000

2015-18 $3,955,000

2/1/2012 to 1/31/2013 $5,071,666.67[1]

2/1/2013 to 1/31/2014 $5,121,666.67

2/1/2014 to 1/31/2015 $5,221,666.67

1/31/2015 $5,221,666.67

2/1/2015 to 1/31/2016 $5,321,666.67

2/1/2016 to 1/31/2017 $5,421,666.67

2/1/2017 to 1/31/2018 $5,521,666.67

2/1/2018 to 1/31/2019 $5,621,666.67

2/1/2019 to 1/31/2020 $5,721,666.67

 

 

 

 

Liquidated Damages

48 months or, after 2/1/2014, remaining contract years to 2018

Lesser of remaining contract term or 48 months

Football Camp

Operated by Coach

Operated by University

Life Insurance

Sum of Longevity Bonuses ($5M)

Not tied to Longevity Bonuses

($5M)

Awards Bonus

Bryant, AP, AFCA & Walter Camp ($50K)

Add Bowden and similar national COY awards ($50K)

[1]Includes $50K in recognition of Bowden COY Award
[2]Talent Fee amounts represent an increase of $500K, plus the longevity bonus for the relevant year, plus an increase of $100K per year (except between years 1 and 2 due to the addition of the Bowden Award recognition).