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Saban offers tickets in home sale

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12:53 PM ET 06.07 | Alabama head coach Nick Saban offered Crimson Tide football tickets, sideline passes and an office tour in a charity auction linked to the sale of his multimillion-dollar lake home. The New York-based company selling Saban's north Georgia home at Lake Burton, Concierge Auctions, said fans could register online to win the ticket package. The game tickets and other perks were to be sold to the highest bidder before the sale of Saban's lake home, initially priced at $11 million. All proceeds from the football package auction will go to Saban's charity, Nick's Kids, the company said. Saban and others have made donations to the nonprofit fund, which has provided money including more than $1 million for relief work after the monster tornado that wrecked Tuscaloosa in 2011, killing dozens.

Associated Press

, John David Mercer-USA TODAY Sports John David Mercer-USA TODAY Sports
June 7, 2013  01:10 PM ET

Alright then.

June 7, 2013  01:12 PM ET

Football tickets - $250
Sideline Passes - $175
Tour of the football offices - $100
Feeling like you've contributed to a slush fund - priceless.

June 7, 2013  01:19 PM ET

The proceeds going to Nick's kids ? In other words his football players.

June 7, 2013  01:29 PM ET
QUOTE(#3):

The proceeds going to Nick's kids ? In other words his football players.

"Please help Nick's kids, they're not paid ya know!" Is the slogan for this fund drive. :^D

June 7, 2013  01:30 PM ET
QUOTE(#2):

Football tickets - $250Sideline Passes - $175Tour of the football offices - $100Feeling like you've contributed to a slush fund - priceless.

You only knock slush funds until you benefit from one. Not that I know anything about that!!!

June 7, 2013  01:41 PM ET

The thing about Lake Burton... It's purpose is power generation. The land around it is owned by the power company. The $11 million home is on leased land. The land leases are for 5-year terms (used to be 20 some decades ago). Essentially, if the Power Co. declines to renew the lease for the land on which the house sits (the house is yours), you may be required to remove it or forfeit rights to it. This has not happened, but it could happen, which begs the question, what institution will lend on the house, given the short term of the land lease?

June 7, 2013  01:41 PM ET

Lake Burton has a fine population of smallies.

June 7, 2013  01:55 PM ET
QUOTE(#6):

The thing about Lake Burton... It's purpose is power generation. The land around it is owned by the power company. The $11 million home is on leased land. The land leases are for 5-year terms (used to be 20 some decades ago). Essentially, if the Power Co. declines to renew the lease for the land on which the house sits (the house is yours), you may be required to remove it or forfeit rights to it. This has not happened, but it could happen, which begs the question, what institution will lend on the house, given the short term of the land lease?

The lender would have to utilize a balloon note for the loan term not to exceed the remaining term of the land lease. Loan could be renewed in conjunction with land lease renewals.

June 7, 2013  01:56 PM ET
QUOTE(#8):

The lender would have to utilize a balloon note for the loan term not to exceed the remaining term of the land lease. Loan could be renewed in conjunction with land lease renewals.

Sweat that roll over, baby!

June 7, 2013  02:48 PM ET
QUOTE(#2):

Football tickets - $250Sideline Passes - $175Tour of the football offices - $100Feeling like you've contributed to a slush fund - priceless.

Love the slush fund! Make mine cherry flavored!

June 7, 2013  02:52 PM ET
QUOTE(#5):

You only knock slush funds until you benefit from one. Not that I know anything about that!!!

Stuff's going to charity!!! I wish it would go to the Joe Kidd charity!

Comment #12 has been removed
June 7, 2013  04:49 PM ET
QUOTE(#10):

Love the slush fund! Make mine cherry flavored!

I'm partial to lemon-berry slush funds.

June 7, 2013  04:52 PM ET
QUOTE(#12):

Is the charity like those non-profits Athletes setup and pocket the cash???????????

No, unfortunately, Coach Saban isn't imaginative enough to use it for illegal purposes.

June 7, 2013  05:25 PM ET
QUOTE(#14):

No, unfortunately, Coach Saban isn't imaginative enough to use it for illegal purposes.

LMAO! Saban even gets bashed for charitable contributions?! It's tough being on top, JK.

Comment #16 has been removed
Comment #17 has been removed
June 8, 2013  01:46 PM ET

The lead story for Friday's PM Hot Clicks (6/7/13) was published for WPS.

 
June 9, 2013  10:47 AM ET
QUOTE(#6):

The thing about Lake Burton... It's purpose is power generation. The land around it is owned by the power company. The $11 million home is on leased land. The land leases are for 5-year terms (used to be 20 some decades ago). Essentially, if the Power Co. declines to renew the lease for the land on which the house sits (the house is yours), you may be required to remove it or forfeit rights to it. This has not happened, but it could happen, which begs the question, what institution will lend on the house, given the short term of the land lease?

Not to mention if the lease was not renewed. Spend $11 million with the possibility that the power company could take back the land? I wouldn't pay $11,000 for that kind of deal.

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