Giving Saban big money got Alabubba Saban. Saban turning them into the big dogs on the block brought in the $$$. If UT throws out big $$$ and it doesn't work out, then we're screwed for a long time. If you get the right hire yes it's worth it, but if you don't.......
After Gene Stallings stepped down Alabama hired the following coaches.
Mike Dubose ( 1997 - 2000 - 5 yr. $300K per year but was renegotiated after 98 season )
Dennis Franchione ( 2001 - 2002 - 7 year, $1.2 to $1.4 million a year )
Mike Price ( 2003 but never coached a down - 7 year, $10 million contract )
Mike Shula ( 2003 - 2006 He was hired on a six-year, $5.4 million contract )
Joe Kines ( 2006 )
Nick Saban ( 2007 - present - 8 yrs, guaranteed $32 million plus incentives )
( to be fair - Alabama was on probation from 2002-2006 )( also of note - USC is on probation but still winning games under Kiffin )
But Pre Saban Alabama had a combined record of 51-55 and no Championships.
Under Saban they've gone 50-12, won two national championships, and, according to ESPN, since 2008 has had top 3 recruiting classes every year - and all of that in only 5 years. At least in Alabama's case, hiring a proven coach and being willing to pay him has paid off handsomely for the University of Alabama.