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October 28, 2014

U. of Alabama Fund Paid $3.1-Million for Football Coach's Home

The Crimson Tide Foundation, a charitable arm of the University of Alabama, purchased football coach Nick Saban's house for $3.1-million last year, reports The Birmingham News. Mr. Saban and his wife continue to live in the 8,759-square-foot home and can do so for as long as they like, even after his coaching tenure ends, said Scott Phelps, the foundation's assistant secretary.

The Sabans bought the house when they came to Alabama in 2007. The foundation—which helps pay for scholarships, coaching positions, and sports facilities on the Tuscaloosa campus—used money from its general fund to purchase the property in March 2013, 10 weeks after the Crimson Tide won college football's national championship.

"It's not all that unusual in the world for universities to provide the housing," Mr. Phelps said. "We want to keep him happy. We think he is the best coach in America." Mr. Saban earns $6.9-million a year under a new contract he signed with the university this year. The newspaper was unable to reach the coach's attorney for comment.