It appears that you have Python 3 installed on your system, cause I see 
lots of

Making Sage/Python scripts relocatable...
  File "./sage-make_relative", line 5
    print "Making script relocatable"
                                    ^SyntaxError: invalid syntax

in your log. In Python 3 print is a function, not a statement, so this is 
an invalid syntax; and this causes this
script (and perhaps others)  not to run properly.

Please install Python 2.6 or 2.7 instead, and try again. Sorry, it seems we 
have arrived to the point when Python 3 is default on some systems, and it 
was not anticipated.

Actually, it's an omission in README.txt that we do not list Python 2 as a 
pre-req for building...



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