Alabama athletics 2021 operated at $9.6 million surplus: SEC bailout

Alabama athletics operated at a $9.6 million surplus during the 2021 fiscal year but would have been in the red if not for a SEC-wide bailout of $23 million for each school, according to the annual report obtained by The Tuscaloosa News/USA TODAY through a public record request.

The Crimson Tide’s operating revenue was $179.8 million during the 2021 fiscal year, which spanned from July 1, 2020 to June 30, 2021. Operating expenses were $170.2 million.

During the 2020 fiscal year, Alabama operated at a surplus of $16.14 million. The Crimson Tide brought in less money largely due to COVID-19, but it also managed to cut costs by about $3 million.

The SEC gave each member school a $23 million supplemental revenue distribution to help with the financial impact of the pandemic. It was a one-time advance based on projected revenue from a lucrative TV contract beginning in 2025.

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