randyfensfanclub1
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Just when you thought you heard it all....boosters pay off Saban's house
I can only imagine, albeit smaller scale, what players get under the table.
Bama boosters pay off Saban's home
Updated: October 27, 2014, 10:05 AM ET
By Alex Scarborough | ESPN.com
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Nick Saban may earn in the area of $7 million per year, but that doesn't stop the Alabama faithful from helping out their championship-winning coach whenever and however they can.
[+] EnlargeNick Saban
Kevin C. Cox/Getty ImagesThe Crimson Tide Foundation paid off Nick Saban's $3.1 million home in January 2013.
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.
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10-27-2014 09:50 AM |
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Dog Fan
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RE: Just when you thought you heard it all....boosters pay off Saban's house
The big criminal schools are all schooled in how to use the loopholes to circumvent the rules. Run an ethical program and follow the rules to the letter and you get trampled by the bigger schools like this. It's an ugly business, ruled by money - just like almost everything else.
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10-27-2014 11:15 AM |
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GCD70
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RE: Just when you thought you heard it all....boosters pay off Saban's house
(10-27-2014 11:15 AM)Dog Fan Wrote: The big criminal schools are all schooled in how to use the loopholes to circumvent the rules. Run an ethical program and follow the rules to the letter and you get trampled by the bigger schools like this. It's an ugly business, ruled by money - just like almost everything else.
you would think some of this money could go to schlorships for under priviliged. For gods sake Saben is coaching football
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10-27-2014 11:20 AM |
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randyfensfanclub1
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RE: Just when you thought you heard it all....boosters pay off Saban's house
I wonder how many schools will follow, some coaches even demand. And even more players see this and approach boosters!
I will have to remember when I get the job at LSU to be sure to not to pay cash for my mansion!
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10-27-2014 11:45 AM |
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klake87
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RE: Just when you thought you heard it all....boosters pay off Saban's house
And the players get punished for selling their ticket allotment or signing autographs.
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10-27-2014 11:53 AM |
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Stpetebeachrocketfan
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RE: Just when you thought you heard it all....boosters pay off Saban's house
(10-27-2014 09:50 AM)randyfensfanclub1 Wrote: I can only imagine, albeit smaller scale, what players get under the table.
Bama boosters pay off Saban's home
Updated: October 27, 2014, 10:05 AM ET
By Alex Scarborough | ESPN.com
832
201
Comments(142)
Email
Print
()
Insider
Nick Saban may earn in the area of $7 million per year, but that doesn't stop the Alabama faithful from helping out their championship-winning coach whenever and however they can.
[+] EnlargeNick Saban
Kevin C. Cox/Getty ImagesThe Crimson Tide Foundation paid off Nick Saban's $3.1 million home in January 2013.
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.
I totally understand. The President at Alabama has said that ever since Sabin came on board they are raising hundreds of millions through the foundation like never before. The alumni are very happy and proud and they are donating!
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10-27-2014 12:30 PM |
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The Frisky Biscuit
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RE: Just when you thought you heard it all....boosters pay off Saban's house
THIS JUST IN: Humanity's priorities are out of whack. More at 11.
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10-27-2014 12:37 PM |
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randyfensfanclub1
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RE: Just when you thought you heard it all....boosters pay off Saban's house
(10-27-2014 12:30 PM)Stpetebeachrocketfan Wrote: (10-27-2014 09:50 AM)randyfensfanclub1 Wrote: I can only imagine, albeit smaller scale, what players get under the table.
Bama boosters pay off Saban's home
Updated: October 27, 2014, 10:05 AM ET
By Alex Scarborough | ESPN.com
832
201
Comments(142)
Email
Print
()
Insider
Nick Saban may earn in the area of $7 million per year, but that doesn't stop the Alabama faithful from helping out their championship-winning coach whenever and however they can.
[+] EnlargeNick Saban
Kevin C. Cox/Getty ImagesThe Crimson Tide Foundation paid off Nick Saban's $3.1 million home in January 2013.
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.
I totally understand. The President at Alabama has said that ever since Sabin came on board they are raising hundreds of millions through the foundation like never before. The alumni are very happy and proud and they are donating!
Donating to a BS "non-profit" organization. NCAA made it so you could not donate to a specific sport, then changed them to scholarship funds. This way they can get around giving to that fund, the school and straight to a man. Or sorry, his home. They "work with the school" makes me want to laugh and puke. They just want to take care of their boy. This has ZERO to do with the U of A as a whole and another example of the nonprofit bs that dominates the political and religious landscape. in this Country.
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10-27-2014 12:56 PM |
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Dog Fan
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RE: Just when you thought you heard it all....boosters pay off Saban's house
Hello, IRS? Are you listening? Get your tails to the P5 college campuses.....stat!
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10-27-2014 01:44 PM |
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niu79
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RE: Just when you thought you heard it all....boosters pay off Saban's house
(10-27-2014 12:56 PM)randyfensfanclub1 Wrote: (10-27-2014 12:30 PM)Stpetebeachrocketfan Wrote: (10-27-2014 09:50 AM)randyfensfanclub1 Wrote: I can only imagine, albeit smaller scale, what players get under the table.
Bama boosters pay off Saban's home
Updated: October 27, 2014, 10:05 AM ET
By Alex Scarborough | ESPN.com
832
201
Comments(142)
Email
Print
()
Insider
Nick Saban may earn in the area of $7 million per year, but that doesn't stop the Alabama faithful from helping out their championship-winning coach whenever and however they can.
[+] EnlargeNick Saban
Kevin C. Cox/Getty ImagesThe Crimson Tide Foundation paid off Nick Saban's $3.1 million home in January 2013.
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.
I totally understand. The President at Alabama has said that ever since Sabin came on board they are raising hundreds of millions through the foundation like never before. The alumni are very happy and proud and they are donating!
Donating to a BS "non-profit" organization. NCAA made it so you could not donate to a specific sport, then changed them to scholarship funds. This way they can get around giving to that fund, the school and straight to a man. Or sorry, his home. They "work with the school" makes me want to laugh and puke. They just want to take care of their boy. This has ZERO to do with the U of A as a whole and another example of the nonprofit bs that dominates the political and religious landscape. in this Country.
I disagree, it has everything to do with the University.
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10-27-2014 01:54 PM |
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thehappyhuskie
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Just when you thought you heard it all....boosters pay off Saban's house
In other news, NIU Dog Pound foundation has raised enough money for new NIU cheerleader uniforms. Unfortunately enough fabric could not be afforded. The Foundation has decided to just shorten the length of all uniforms by 2 inches.
;-)
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10-27-2014 06:34 PM |
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NIU17
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RE: Just when you thought you heard it all....boosters pay off Saban's house
This has been happening for a long time. I remember when Lee Corso lived in the offices at HS. I'm pretty sure that was rent free!
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10-27-2014 07:33 PM |
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