UAB Football was actually making money

Citing several Conference USA rule changes that would make the programs unsustainable, UAB scrapped  rifle and bowling along with football.

Among the changes were lifting the ban on full athletic scholarships.

But UAB football could have new life.

On Thursday, San Francisco-area accounting firm OSKR released a 156 page independant economic analysis of the school’s athletic programs. Using advanced accounting methods, OSKR found that “the three sports in question did not cost the university anywhere near the $3.75 million indicated on UAB’s accounting statements.”

Instead, “football and bowling showed a modest positive return for 2013-14, the last year for which complete data was available.”

The sum total of the report concludes that the Conference USA school was “overstating expenses and understating revenues” in everything from scholarships to ticket sales.

Responding to the report, UAB spokesman Jim Bakken said that the decisions were “based on the best information available at the time,” and went on to say that the new findings were important to the UAB community.

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*Featured Photo (above) credit to Marvin Gentry-USA TODAY Sports

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