The state of Alabama faces huge budget cuts and major revenue short falls. Significant cuts are coming, lawmakers promise.
2009-'11. Click to enlarge.
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.
Profits by sport. Click to enlarge.
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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