Saban's contract

Discussion in 'The Tiger's Den' started by LSUfan636, Jan 11, 2004.

  1. LSUfan636

    LSUfan636 Founding Member

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    Did Saban sign his contract yesterday when he said he would stay at LSU? I haven't heard anything about it...
     
  2. amedee83

    amedee83 Founding Member

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    no he didn't...nm

    :(
     
  3. COTiger

    COTiger 2010 Bowl Pick 'Em Champ

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    He mentioned that it was still being worked on and wasn't an issue.

    :geaux:
     
  4. LSUfan636

    LSUfan636 Founding Member

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    I heard something like a 10 year contract. Is this true?
     
  5. islstl

    islstl Playoff committee is a group of great football men Staff Member

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    6-9 years is being reported for about 2.75 mil. I hope it's 9 years and a huge buyout clause to keep him here for the duration of this contract.
     
  6. HatcherTiger

    HatcherTiger Freedom Isn't Free

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    Skip has already said there absolutely will not be a buyout clause. His logic is that if a coach doesn't want to be at LSU then LSU doesn't want them to stay. Quite frankly, I don't believe that Nick Saban would sign such a contract.
     
  7. amedee83

    amedee83 Founding Member

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    If their was an it is exhibited than

    I wouldn't coach...but you shouldn't see a buyout clause..no way!! That would piss me off and probably do the same to Saban!

    The contract will not be a problem, look for him to be sealed in the next two weeks or so!
     
  8. TigerEducated

    TigerEducated Founding Member

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    Guys...They'd have to change state law to give Saban a contract longer than 5 years...

    I have heard that they are going to give him a multi-year annuity that ranges into the tens of millions of dollars range, along with an excellent salary compensation amount...

    In this way, Saban will get a small amount from the annuity if he leaves LSU after 1-2 years, but gets increasingly more the longer he stays, eventually cashing out on around 10-12 million if he stays for a 6-8 year period...This is in addition to his contract, which will range close to three million yearly, which will honestly increase his contract amount to around 4-5 million per year...But, in the long term...in the short term, he'll only see about half that amount because of the annuity...
     

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