According to Forbes, the University of Alabama had the fourth most valuable program in college football, while the Southeastern Conference had five of the top-10 teams in 2014.

It valued the Crimson Tide at $107 million, behind only Texas, Notre Dame and Michigan. The Longhorns are “down” six percent from a year ago, from $139 million to $131 million, but is still $9 million ahead of the Fighting Irish.

However, Alabama finished the calendar year with the second-highest revenue with $95 million, trailing only Texas’ $113 million. The school finished third in profit at $53 million despite having the highest expenses of any program.

Right behind Alabama from the SEC were LSU (No . 5), Auburn (6), Tennessee (7), and Georgia (10)

The full Forbes list:

1. Texas $131 million
2. Notre Dame $122
3. Michigan $117
4. Alabama $107
5. LSU $103
6. Auburn $97
7. Tennessee $94
8. Oklahoma $93
9. Ohio State $87
10. Georgia $84
11. Florida $82
12. Penn State $80
13. Texas A&M $78
14. Washington $77
15. Nebraska $73
16. South Carolina $72
17. Michigan State $72
18. Arkansas $71
19. Southern California $69
20. Oregon $68

As for how Forbes determines each program’s worth, the corresponding article explains:

“We attempt to measure the value that college football’s top teams generate for four key areas: their athletic departments, their universities, their conferences and their local economies.

“We apply the heaviest weight to money that goes towards academic programming, which includes both football scholarships and direct contributions to university initiatives like a library fund or non-athletic scholarship programs. A shining example of this is LSU, which last year contributed over $7 million to academic programming. Athletic value, which is next in the weighting order, is the remaining football profit that goes toward supporting non-revenue sports like softball and soccer. The final two areas, conference and community, are comprised of money earned from playing in bowl games and the economic impact generated by home football games, respectively.”