In the immediate aftermath of guiding the Ohio Bobcats to victory in the MAC Championship Game, Tim Albin was named the Charlotte 49ers head coach, replacing the departed Biff Poggi. A long-time underrated head coach, does Albin’s contract, salary, and net worth with the 49ers increase from his time in Athens and reflect his ability as a program transformer?
Tim Albin’s Salary and Contract in 2025
According to the Memorandum of Understanding between head coach and program, Albin’s contract to take over as the Charlotte head coach is a five-year deal that runs until Dec. 21, 2029. Under the terms of that contract, Albin will earn a salary of $900,000 for the 2025 college football campaign.
According to our knowledge of Albin’s previous extension with the Bobcats, which he signed in March 2023, he was set to earn $700,000 if he remained in Athens for the 2025 campaign. He was under contract with Ohio through the 2026 season.
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While his Albin’s 2025 salary with Charlotte will be $900,000, under the terms of his contract, the new 49ers head coach will receive an additional $100,000 from the end of the 2027 season, taking his salary to $1 million for the 2028 and 2029 campaigns.
As with most head coach contracts in the modern college football era, Albin’s salary is made up of two parts. He will earn a base salary of $500,000 that remains constant throughout the five year term. A supplemental payment of $400,000 ($500,000 from Dec. 2027) comes from the Athletics Foundation.
Albin is a significant capture for the 49ers’ football program. He has led the Bobcats to 10-win seasons in each of the last three, guiding the team to bowl season in three successive seasons after a two-year absence from the postseason. He is the only head coach in Ohio football history to record multiple double-digit wins and arrives in Charlotte with a 33-19 overall record.
“Coach Albin brings not only an impressive record of success on the field but a deep commitment to the development of student-athletes as leaders and scholars,” Chancellor Sharon L. Gaber said upon his appointment. “Under his leadership, I am confident that our football program will continue to grow, thrive, and represent Charlotte with pride.”
In a commitment to surround Albin with the resources he needs to ensure the 49ers, who have just one winning season in their short FBS existence, thrive, the new Charlotte head coach has been given a budget of $1.805 million for up to 10 assistance coaches (increasing by $120,000 in 2028), plus finds for multiple support staff and graduate assistants.
To mitigate any future poaching of their highly-regarded new head coach, Albin will have to pau $1.91 million to Charlotte if he terminates his contract before Dec. 31, 2025. That amount decreases to $1.44 million before Dec. 31, 2026, $970,000 before Dec. 31, 2027, and $500,000 before Dec. 31, 2028.
Albin’s Net Worth
Albin’s net worth under his new contract, based on three years at $900,000 and two years at $1 million, is $4.7 million. However, that doesn’t include any salaries accrued during his four-year tenure as the head coach at Ohio. It also doesn’t account for any potential bonuses that he can earn as the Charlotte head coach.
- Conference Championship Game Appearance: $50,000
- Conference Championship Game Win: $50,000
- At-Large Bowl Selection: $75,000
- College Football Playoff (CFP) Selection: $250,000
- New Year’s Six Bowl Selection as top Group of 5 representative (non-CFP): $100,000 (currently not applicable under current playoff format)
- Each CFP Round advanced: $250,000 (additional to selection bonus)
- CFP National Championship Appearance: $1,000,000
- National Championship Win: $1,500,000
- Conference Coach of the Year: $25,000
- National Coach of the Year: $50,000
- Finishing in the AP Poll Top 25: $75,000
- Each win over a Power Four team ranked in the CFP Top 25: $25,000
Additionally, Albin’s contract has incentives for academic accomplishments, with the Charlotte head coach earning $25,000 for every year the multi-year Academic Progress Rate for the 49ers’ football team is 960 or higher.
Finally, Albin’s salary (and therefore net worth) is bolstered by non-performance-related enhancements. He receives a $750 per month vehicle allowance, a club membership with a maximum value of $6000 per year, $60 per month for a cell phone, 10 premium football tickets for hospitality purposes, plus an array of championship game and bowl tickets.
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