Alabama boosters pay off Nick Saban's house

[popcornhog]

http://m.espn.go.com/ncf/story?storyId=11772033&src=desktop&ex_cid=sportscenterFB

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."

[NoNC4Tubs]

He probably earned it........

[hog.goblin]

But typically the university/foundation owns such a house.  At this point they don't.  When he finally leaves he gets the proceeds.

The payoff of the mortgage also represents W-2 income to Coach Saban, not that he minds.

[ErieHog]

....or the compound in Costa Rica. 

The one where they genetically engineer Alabama football players from the DNA found in the petrified jockstrap of Bronco Nagurski?

[MojaveJoe]

C'mon now... everyone knows Nagurski couldn't even walk-on at Bama these days.

We're talking Uruk-Hai breeding pits.  Hardest part is to keep them from eating the footballs.

+1 for the LotR reference!

[The Boar War]

Wonder who else's housing they've paid off over the years.

[onebadrubi]

And now we learn how the slush fund works... 

[Mick Hogger]

Saban made a couple of bad investments and this was part of the lure to keep him from going to Texas to cash in. Nothing shady or unethical about it.

[Torqued pork]

Dubose and Shula would've been given pop-up campers.

[Rzbakfromwaybak]

But typically the university/foundation owns such a house.  At this point they don't. When he finally leaves he gets the proceeds.

The payoff of the mortgage also represents W-2 income to Coach Saban, not that he minds.

Yep....& a little trickery involved with the statement by Phelps.

Interesting... a little misleading statement by Scott Phelps the assistant secretary for the foundation.  He said it was "not unusual for universities to own the houses where their coaches live"....& said the U of Alabama also owned the house of Paul Bryant.  Making it sound like the University or foundation also owns the house where Saban lives. Just like above post states...Saban owns this house, so it's not the University's property.  Nice the U of Alabama is paying the property taxes each year too.

Gee.....with that kind of deal, I could afford to live in a $3.1 million dollar house.  Might have a little problem paying the electric bill......