NCAAF  > General NCAAF  > Nick Saban:There is nobody taking profits from......
August 21, 2011, 11:44 AM
" There is nobody taking profits from what we make at Alabama or any of these schools here and putting it in their pockets..is not a business...is a revenue producing .....that is all reinvested in the university and athletic department ......nobody is making money......we get paid salaries...."

That was a quote from Alabama's coach Nick Saban given in the ESPN program Outside the Lines.

The program put together a panel of coaches, media personalities and college administrators to discuss a college "pay to play" scenario.

My dear friends, I'm not the sharpest tool in the box but even I understand the quote "......nobody is making money......we get paid salaries" is one of the silliest quote of the year, sorry Alabama, Mr. Saban needs to understand that he is making a profit from the school, so are his assistant coaches, they are all getting paid by the school.

If Mr. Saban's position is that a student athletes should not make any money because the school is not making a profit from them, well sir, just take a look at your paycheck.

Can we agree on that ?

Here is Mr. Saban's- non profit contract:

Per terms of the original deal, Saban salary is set to increase each year during the next four years. He made $3,750,000 during the 2008 season, with incentives pushing the total past $4 million. He is scheduled to earn $3.9 million this season, $4.1 million in 2010, $4.15 million the following year and $4.2 million in 2012, 2013 and 2014.

Lordy, Lordy we can't make this stuff up folks...profit indeed.

As always this is just a fans opinion and from what I understand everybody as one and I thank God for that.

Enough said.



Read more: http://www.fannation.com/blogs/post/885532?new=true#ixzz1Vg 8jGuNF
August 21, 2011  11:57 AM ET

Didn't coach Saban look a little nervous on that program, Hmm...

August 21, 2011  01:34 PM ET
QUOTE(#1):

Didn't coach Saban look a little nervous on that program, Hmm...

He did...lol

August 21, 2011  01:58 PM ET

I agree the "nobody makes a profit" line, although technically accurate in a purely legal sense, sounds stupid. No one cares whether your business is legally considered "for profit" except the IRS. Believe it or not, Coach Saban does not take even a single dime from the University of Alabama. Every bit of his salary comes from booster contributions. It blows my mind that there are boosters this willing to contribute this much money, but it is true.

August 21, 2011  04:02 PM ET

So you are saying that salary is the same as profit? Really??? That is not how I studied it.

And I think the IRS looks at those differently as well.

But if that what you have to believe to get by in your world, please go ahead

August 21, 2011  04:05 PM ET

And there is a difference in "For Profit organization" and Not For Profit organization".

Exactly what do you think Non Profit means? That they take no money at all and everyone is working for free?

Man, wake up. Non Profit organizations make money, but the money is put back into the organization for capital and operating budgets, and no one *(ie, shareholders) make any money....see? Oh, and operating budgets mean administrative tasks, salaries, etc.

August 21, 2011  06:21 PM ET
QUOTE(#4):

So you are saying that salary is the same as profit? Really??? That is not how I studied it. And I think the IRS looks at those differently as well.But if that what you have to believe to get by in your world, please go ahead

So you are saying Mr. Saban pays no taxes becouse he gets paid by boosters? I'm confused...

August 21, 2011  06:24 PM ET
QUOTE(#5):

And there is a difference in "For Profit organization" and Not For Profit organization".Exactly what do you think Non Profit means? That they take no money at all and everyone is working for free? Man, wake up. Non Profit organizations make money, but the money is put back into the organization for capital and operating budgets, and no one *(ie, shareholders) make any money....see? Oh, and operating budgets mean administrative tasks, salaries, etc.

OK .....does Saben profit from this contract:

Per terms of the original deal, Saban salary is set to increase each year during the next four years. He made $3,750,000 during the 2008 season, with incentives pushing the total past $4 million. He is scheduled to earn $3.9 million this season, $4.1 million in 2010, $4.15 million the following year and $4.2 million in 2012, 2013 and 2014.
I guess this is just play money...

August 21, 2011  06:58 PM ET
QUOTE(#6):

So you are saying Mr. Saban pays no taxes becouse he gets paid by boosters? I'm confused...

What???? How in the blue blazes of hell did you get that?

Salary is taxable as....salary.

Profits are taxable as capital gains or something like that.

Where do you come from? Aggie land?

August 21, 2011  07:02 PM ET
QUOTE(#7):

OK .....does Saben profit from this contract:Per terms of the original deal, Saban salary is set to increase each year during the next four years. He made $3,750,000 during the 2008 season, with incentives pushing the total past $4 million. He is scheduled to earn $3.9 million this season, $4.1 million in 2010, $4.15 million the following year and $4.2 million in 2012, 2013 and 2014.I guess this is just play money...

you really must be from TAMU.

Yes, Saban profits (advantage; benefit; gain. ) from his contract...

No, Saban does not get profit (a. pecuniary gain resulting from the employment of capital in any transaction. Compare gross profit, net profit.
b. the ratio of such pecuniary gain to the amount of capital invested.) from his contract.

It really is SO simple....

August 21, 2011  07:05 PM ET

ROFLMAO....my wife was reading over my shoulder and said..."Is that guy kidding?"

August 21, 2011  07:06 PM ET

hedontknow quad

Comment #12 has been removed
August 21, 2011  07:43 PM ET
QUOTE(#6):

So you are saying Mr. Saban pays no taxes becouse he gets paid by boosters? I'm confused...

I don't care who pays Saban's $4 million. Compare Bama to 5 years ago, and it's clear the Tide got their money's worth.

August 21, 2011  07:52 PM ET
QUOTE(#12):

As I recall, despite what Defaul thinks, other people on the panel laughed when Saban said that and the moderator quickly moved to a commercial

They might have laughed....but there is a distinct difference between a coaches salary and a business' profit.

Everyone can't be an Aggie....

August 21, 2011  07:54 PM ET
QUOTE(#3):

I agree the "nobody makes a profit" line, although technically accurate in a purely legal sense, sounds stupid. No one cares whether your business is legally considered "for profit" except the IRS.

I also agree Saban can make some comments that sound stupid. This one is reminiscent of his recent defense of oversigning. You know what's worse? Coaches who keep their mouths shut yet fail to compete at the top levels of CFB.

August 21, 2011  08:28 PM ET
QUOTE(#12):

As I recall, despite what Defaul thinks, other people on the panel laughed when Saban said that and the moderator quickly moved to a commercial

Nice spin. Just watched that segment...the laughter came about two comments later when Jay Bias said something and there was no quick cut to commercial.....wow, you might want to watch it again without your usual bias...

August 21, 2011  09:07 PM ET
QUOTE(#6):

So you are saying Mr. Saban pays no taxes becouse he gets paid by boosters? I'm confused...

Hmmmm in the Casino I make no profit!

August 21, 2011  09:12 PM ET

so when the previous coach at Alabama tucked a few bucks...did she have a profit?

August 22, 2011  09:33 AM ET

There's a difference between salaries of people and profits of companies. If you don't know this, then I suggest you take a few courses on accounting.

What's he supposed to do? Work for free? You do realize that there are hundreds of thousands of people working at not-for-profit organizations and yet still getting salaries. Executives that work for the Red Cross? You guessed it. They get salaries.

You don't have to be the sharpest tool in the shed to know the difference between profits and salaries.

 
August 22, 2011  09:45 AM ET
QUOTE(#1):

Didn't coach Saban look a little nervous on that program, Hmm...

Didn't look nervous at all to me.

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