The state of Alabama faces huge budget cuts and major revenue short falls. Significant cuts are coming, lawmakers promise.
The University of Alabama athletics department, however, is still making big money in a tough economy. Profits, though down 44 percent from the BCS-title aided 2010 numbers, still totaled $13.9 million last year.
Revenues only dipped about $6 million while expenses rose by $11.6 million from 2010 to 2011, according to documents the university filed with the NCAA.
The only expenses that jumped by more than a million were facilities maintenance (up $6.3 million to $24.6 million) and support staff salaries/benefits/bonuses (up $2.6 million to $18.1 million).
Football still drove the machine.
Revenues from the sport totaled $78.3 million — up $5.5 million from the previous year — as ticket sales and contributions jumped from 2010 levels. The only significant drop came in the royalties and licensing department. That revenue fell back down to$546,574 after making $2.5 million immediately following the 2009 national title.
In all, the football program brought in $46.5 million more than it spent in 2011 after making $40.8 in 2010.
The men’s basketball team was also profitable.
It finished the year $4.4 million in the black a year ago.
The other sports lost money. The Tide women’s basketball lost $2.4 million while the other programs netted a $10.4 million loss.
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