The University of Alabama athletic department was in red during the fiscal year of 2024, according to AL.com. Matt Stahl reports that Alabama lost over $28 million department-wide during the 2024 fiscal year.

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Stahl reports that UA open record project specialist Jessica Schingle said this in a statement to AL.com, "

“The net loss reported for the year was largely due to one-time expenses associated with the football coaching transition."

According to Stahl's report, the University of Alabama athletics department reported $234,825,632 in revenue during the fiscal year, from July 1, 2023, to June 30, 2024. The department spent $262,789,471.

The loss is $27,963,839. This is the second straight year that the University of Alabama has reported a loss in athletics. Last year's deficit was explained by $14.3 million in gifts that were not accounted for during the fiscal year 2023.

Alabama football was the driving factor in the athletic department's finances. The program reported $140.3 million in revenue and $113.8 million in expenses, totaling a surplus of $26.4 million.

Alabama men's basketball brought in $21.3 million during the 2024 fiscal year, which includes its first Final Four in program history. The program spent $15.3 million in the 2024 fiscal year, resulting in a $6 million surplus.

Alabama's biggest expense in 2024, and the reason for the net negative for the athletic department, was the coach's pay and benefits.

Support staff also increased to $41.5 million, up from $37.3 million in the 2023 fiscal year.

What was Alabama's largest source of revenue in 2024? Contributions, piling up $75.3 million, a massive increase from $48,963,013 in 2023. $53.5 million came from football.

Media rights were second place for Alabama in the revenue department, adding in $56.2 million.

You can read the full report from Matt Stahl of AL.com here.

Wyatt Fulton is the TIde 100.9 DME and Brand Manager, primarily covering Alabama Crimson Tide football and men's basketball. For more Crimson Tide coverage, follow Wyatt on X (Formerly known as Twitter) at @FultonW_.

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