The foundation purchased the home for $3.1 million, according to records, which is about $200,000 more than the Sabans paid for the home. Scott Phelps, an assistant secretary for the foundation, described the purchase as “not a big deal” and something done to “keep (Saban) happy.” Neither Saban or his attorney commented in the story.
In the report, Phelps also said Alabama owned legendary coach Bear Bryant’s house and that this is a common practice throughout college football. Saban’s home is the only piece of residential property the Crimson Tide Foundation owns. The foundation also pays the property taxes on the property, which total about $10,000 per year. The foundation first paid the taxes on the home in December 2013.
The timing of the foundation buying the house might raise some eyebrows, as it came just a few weeks after the University of Texas reportedly offered Saban a contract to coach the Longhorns that would have paid him more than $100 million. Saban signed a contract extension with Alabama that runs through 2022. It pays him about $6.9 million per year before bonuses; the contract makes no mention of the house.
http://www.saturdaydownsouth.com/alabama-football/alabama-foundation-bought-saban-house/
If you follow Ramon Foster on Twitter/IG, he was going off about report of group paying for Nick Saban's home. I've included just one (there are several) posts Ramon made below.
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