In Reply to: Re: I wonder what the payroll added up to? posted by SehornBlew on January 12, 2024 at 09:40:04
Nick Saban had an INSANE resume at Alabama:
• 6x national champion
• 9x SEC champion
• 206-29 career record in 17 seasons
But financially, it's even crazier.
The "Flutie Effect" is when athletic accomplishments increase exposure and, eventually, enrollment.
And no one did it bigger than Saban.
Since Nick Saban arrived in 2007, Alabama's enrollment has increased from 25,000 students to 40,000 students.
That's a 60% jump compared to a 10% national average.
But the *type* of student matters much more.
Alabama went from the majority of its student body consisting of in-state students to the majority now being from out-of-state.
This is important because those students pay 3x more in annual tuition — $32,000 vs. $11,000 — and it means Alabama increased its annual revenue by hundreds of millions under Nick Saban.
Alabama paid him $130 million over 16 seasons, but you could argue he was worth more than $1 billion.
“Nick Saban is the best investment this university has ever made," said Alabama Chancellor Robert Witt.