The payout will make Saban the country's highest paid college football coach, beating out the $3.45 million earned this season by Oklahoma's Bob Stoops, USA Today reported Thursday.
"I'm concerned ... about the finances and how it will affect the rest of us in the years to come," said Louisiana State University Athletics Director Skip Bertman. "Congress is already talking about 'What can we do?' And presidents are saying 'What can we do?' This will not just fuel the fire. This will set off all the alarms."
The U.S. House Ways and Means Committee previously made rumblings about an inquiry into coach salaries and whether tax exempt status should be retained for athletic departments that bring in nearly $105 million in revenue.