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March 22, 2012
UA athletic department most profitable in nation
TUSCALOOSA | The University of Alabama has the most profitable collegiate athletic department in the nation, according to research by BusinessofCollegeSports.com.
The website's data, published Wednesday, shows UA as one of just 48 athletic departments that generated a positive net income for the 2010-11 academic year according to disclosures to the Department of Education. Profits were determined by subtracting reported expenses from reported revenue.
Alabama showed a net profit of more than $31.68 million, with revenue reported at nearly $124 million and expenses reported at more than $92 million. UA ranked third in income and 10th in athletic department expenditures for the year.
Alabama topped Penn State and Michigan State for the top spot. Penn State's profit was a little more than $65,000 less than Alabama's, with a big gap between the top two schools and Michigan, which showed a profit of more than $26.65 million.
Every Southeastern Conference school except Ole Miss generated a positive net income, according to the data, but Alabama was the only league member to rank in the top 10 in total profit.
Arkansas ranked 11th ($11.28 million), with LSU 12th ($10.4 million), Florida 13th ($10.06 million) and Georgia 14th ($9.57 million). Mississippi State ($6.3 million) ranked 18th, with Vanderbilt ($5.78 million) at No. 20 on the list. Auburn came in 26th ($4.48 million), with Kentucky 29th ($3.12 million).
South Carolina was 36th and Tennessee 48th, with both showing less than $1 million in athletic department positive net income.