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Michael Casagrande | mcasagrande@al.com
Alabama athletics had a profit of $15.6 million
University of Alabama athletics continues to be profitable and football remains the driving force, according to budget documents the school files annually with the NCAA.
The school made $15.6 million more than it spent in 2017, according to the document obtained by AL.com through open records requests.
The profit was down $3.1 million from last year's $18.7 million.
Total revenue was up slightly more than $10 million to $174.3 million.
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.
For perspective, USA Today reported the University of Texas had revenue of $215 million in 2017 (compared to Alabama's $174.3 million). It was the highest revenue number in the 13 years of the newspaper's survey of athletics money, up from the previous record of $173.2 million Texas set in 2015.
With Alabama, media right and contributions continued to be the main driver of income. The TV contracts and other rights brought in $43.9 million last year.
Contributions accounted for $32.9 million. That could take a big hit in 2018 with the new tax plan passed by Congress and signed by the president. In the past, 80 percent of those contributions could be written off as charity donations.
That deduction is eliminated under the new tax plan, which will make things more difficult for athletics departments to raise money from donors.
Continue reading...
University of Alabama athletics continues to be profitable and football remains the driving force, according to budget documents the school files annually with the NCAA.
The school made $15.6 million more than it spent in 2017, according to the document obtained by AL.com through open records requests.
The profit was down $3.1 million from last year's $18.7 million.
Total revenue was up slightly more than $10 million to $174.3 million.
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.
For perspective, USA Today reported the University of Texas had revenue of $215 million in 2017 (compared to Alabama's $174.3 million). It was the highest revenue number in the 13 years of the newspaper's survey of athletics money, up from the previous record of $173.2 million Texas set in 2015.
With Alabama, media right and contributions continued to be the main driver of income. The TV contracts and other rights brought in $43.9 million last year.
Contributions accounted for $32.9 million. That could take a big hit in 2018 with the new tax plan passed by Congress and signed by the president. In the past, 80 percent of those contributions could be written off as charity donations.
That deduction is eliminated under the new tax plan, which will make things more difficult for athletics departments to raise money from donors.
Continue reading...
