dudeman0501
02-21-2004, 10:27 PM
LSU Officials Approve Saban's New 7-Year Deal
http://www.sectalk.com/images/saban.jpg
SOURCE:SECsports.com
BATON ROUGE, La. (AP) -- Nick Saban's new seven-year, $18.45 million contract received final approval from the LSU governing board Friday, making him the highest paid coach in college football.
The contract guarantees Saban at least $2.3 million this year and grows by about $100,000 annually. The coach can earn an extra $400,000 each year based on postseason game appearances and team graduation rates.
The LSU Board of Supervisors gave its final approval to the deal, which runs through 2010. It increases Saban's pay from the $1.6 million he earned last year.
The coach signed his new contract a few weeks after ending speculation that he would leave for the NFL after leading the Tigers to the Bowl Championship Series title, their first national championship in 45 years.
In the current year, Saban will get a $400,000 base salary, $1.45 million for appearing in radio, TV and Internet programs and $450,000 in "additional revenue" from the Tiger Athletic Foundation, shoe and equipment contracts and other deals.
The base salary and radio and TV appearance money will grow over the life of the contract.
He also can earn up to $350,000 more a year depending on LSU's postseason game appearances and up to $50,000 extra a year if the football team is among those college teams with the highest graduation rates.
Both LSU and Saban can end the contract with 30 days written notice, but the university has to pay Saban various levels of compensation if they terminate his contract "without cause."
http://www.sectalk.com/images/saban.jpg
SOURCE:SECsports.com
BATON ROUGE, La. (AP) -- Nick Saban's new seven-year, $18.45 million contract received final approval from the LSU governing board Friday, making him the highest paid coach in college football.
The contract guarantees Saban at least $2.3 million this year and grows by about $100,000 annually. The coach can earn an extra $400,000 each year based on postseason game appearances and team graduation rates.
The LSU Board of Supervisors gave its final approval to the deal, which runs through 2010. It increases Saban's pay from the $1.6 million he earned last year.
The coach signed his new contract a few weeks after ending speculation that he would leave for the NFL after leading the Tigers to the Bowl Championship Series title, their first national championship in 45 years.
In the current year, Saban will get a $400,000 base salary, $1.45 million for appearing in radio, TV and Internet programs and $450,000 in "additional revenue" from the Tiger Athletic Foundation, shoe and equipment contracts and other deals.
The base salary and radio and TV appearance money will grow over the life of the contract.
He also can earn up to $350,000 more a year depending on LSU's postseason game appearances and up to $50,000 extra a year if the football team is among those college teams with the highest graduation rates.
Both LSU and Saban can end the contract with 30 days written notice, but the university has to pay Saban various levels of compensation if they terminate his contract "without cause."