Foundation Bought Alabama Coach's Home for $3.1M

Nick Saban, head football coach at the University of Alabama, sold his home to the Crimson Tide Foundation for nearly $3.1 million, AL.com reported. The private nonprofit foundation, which helps fund athletics at the university, bought the home from Saban in January 2013 and has paid taxes on the property since then. The coach and his wife still live in the 8,759-square-foot home. "It's not all that unusual in the world for universities to provide the housing," Scott Phelps, assistant secretary of the foundation, said. "We want to keep him happy. We think he is the best coach in America."

Saban earns $6.9 million a year, not including performance bonuses.