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Bama boosters paid off the Saban's home (has this really not been posted?)
Posted on 10/27/14 at 8:54 am
Posted on 10/27/14 at 8:54 am
Searched for a good 5 mins and found nothing.
LINK
quote:
According to a report from Al.com, the Crimson Tide Foundation paid off Saban's $3.1 million home in January 2013 even though the organization was under no obligation to do so.
LINK
This post was edited on 10/27/14 at 8:56 am
23
Posted on 10/27/14 at 8:56 am to okietiger
So?
Posted on 10/27/14 at 8:56 am to okietiger
Appreciate your interest in his mortgage.
Posted on 10/27/14 at 8:56 am to okietiger
Hasn't been posted because; who cares???? 
Posted on 10/27/14 at 8:58 am to okietiger
Outrageous. The man had a MORTGAGE?
Posted on 10/27/14 at 8:58 am to okietiger
So what? He still has to pay taxes on that money. Does that make you feel better?
Posted on 10/27/14 at 8:58 am to Diamondawg
Apparently it's a pretty big deal because it's the 2nd headline on Al.com and was picked up by ESPN.
Don't shoot the messenger here.
Don't shoot the messenger here.
This post was edited on 10/27/14 at 8:58 am
Posted on 10/27/14 at 8:58 am to okietiger
Ah just more hypocrispy from the NCAA. Boosters paying off a house for a coach who makes millions of $$$'s/yr but if they paid for a players rent then bam big violation. 
@ NCAA.
No this is not a call for the NCAA to come down on Bama, just a shot at the NCAA>
@ NCAA. No this is not a call for the NCAA to come down on Bama, just a shot at the NCAA>
Posted on 10/27/14 at 8:59 am to WeeWee
+1
Posted on 10/27/14 at 8:59 am to okietiger
This is kind of common
Posted on 10/27/14 at 9:00 am to Tornado Alley
"the University of Alabama also owned the home of Paul "Bear" Bryant and his family."
That was 40 years ago. Hardly a groundbreaking concept. The next guy after Saban gets a pretty cool pad.
That was 40 years ago. Hardly a groundbreaking concept. The next guy after Saban gets a pretty cool pad.
Posted on 10/27/14 at 9:00 am to okietiger
I bet he's super pissed, there goes that tax write off.
Posted on 10/27/14 at 9:00 am to WestCoastAg
It is?
I know the elite coaches are taken care of outside of the box but haven't ever heard anything like this before.
I know the elite coaches are taken care of outside of the box but haven't ever heard anything like this before.
Posted on 10/27/14 at 9:00 am to La Place Mike
quote:
So what? He still has to pay taxes on that money. Does that make you feel better?
The CTF is paying the property taxes every year too.
Posted on 10/27/14 at 9:01 am to La Place Mike
quote:
So what? He still has to pay taxes on that money. Does that make you feel better?
does he? Did they buy the house or did they give him money to pay mortgage?
If they bought the house there has to be some tax reason?
Posted on 10/27/14 at 9:01 am to okietiger
USC was putting up Lane
Posted on 10/27/14 at 9:02 am to okietiger
quote:
in January 2013
What took so long? That's ridiculous.
Posted on 10/27/14 at 9:02 am to WeeWee
quote:
Boosters paying off a house for a coach
If the boosters actually bought the house, it's not the same.
Posted on 10/27/14 at 9:02 am to WeeWee
quote:Saban is not an amateur athlete. Big difference - until they change the rules of amateurism.
Boosters paying off a house for a coach who makes millions of $$$'s/yr but if they paid for a players rent then bam big violation.
Posted on 10/27/14 at 9:02 am to skirpnasty
quote:
I bet he's super pissed, there goes that tax write off.
I think he probably is SOL on tax write off with Alternative Min tax, but honestly I am pretty weak in that area.
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