Things are good at Alabama.
The university’s football program is on the heels of its fifth national championship in the past nine seasons. And the program is successful from a fiscal perspective as well.
Via open records requests, which are filed annually to the NCAA, Al.com reported Wednesday that, in all, Alabama athletics brought in a whopping $174.3 million in 2017 with $108.2 million coming from the football program.
Operating at such a high level doesn’t come without costs, but Alabama athletics ended the year $15.6 million in the green. But from a football perspective, the profits were much greater.
In terms of football, the profit was $45.9 million with total revenue of $108.2 million. With expenses rising last year, the profit was down $1.8 million from the 2016 report filed with the NCAA. The revenue, however, was up from $103.9 million in 2016.
As is the case with most major programs, media rights were a big chunk of the pie. In Alabama’s case, $43.9 million came from “TV contracts and other rights.”
By comparison, USA Today reported last week that the University of Texas “had nearly $215 million in annual operating revenue and total operating expenses of $207 million” during the 2017 fiscal year. Of that figure, $42.4 million came from football.
It is the first time a Division I public-school athletics program has had at least $200 million in both operating revenues and expenses in the same year.
Texas’ 2017 operating expense total is by far the largest single-year amount during the 13 years for which USA TODAY Sports has compiled these data for all NCAA Division I public schools. Texas established the previous high of $173.2 million in 2015.
But players can’t be paid, right?
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