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Originally Posted by nik-
I don't think all programs have the luxury of doing this but Alabama, Texas, LSU ... the big dogs? That's just too much money to sit on. Bryant Denny was expanded in 2009 and cost $65 million ... ok, that's a lot. Alabama made a profit of $45 million last year. Probably not much less in the previous three years. That money isn't just sitting in an account and it can't all be accounted for in facilities expansion. Again, that is profit, after all the program related expenses.
It's too much for these big schools to just be for facilities.
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Source?
Alabama's athletic department turned a profit of $13mil last year, one of only 23 programs at public schools to be in the black.
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Upgrades in facilities from football to track to tennis in recent years also come at a cost. In the 2012 fiscal year, debt service and maintenance on athletic facilities topped $21.5 million. There is also the cost of scholarships for more than 400 student-athletes at a cost of $20,511 for in-state students and $33,811 for those coming from other states.
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http://www.tuscaloosanews.com/articl...NEWS/130729819