Another spring football league with a team in Birmingham is officially dead.

The eight-team Alliance of American Football filed of bankruptcy today, about two weeks after it ceased operations with two games remaining in its inaugural season. The league included the Birmingham Iron.

The bankruptcy filing, according to Front Office Sports, shows the league's dire financial situation -- 11.3 million in assets and $48.3 million in liabilities.

BREAKING: @TheAAF has filed for Chapter 7 Bankruptcy.



- In the filings, the league claims assets of $11.3 million and liabilities of $48.3 million.



- According to the documents, the league has $536,160.68 in cash. pic.twitter.com/IsOlGi2yoO — Front Office Sports (@frntofficesport) April 17, 2019

"The AAF is committed to ensuring that our bankruptcy proceeds in an efficient and orderly manner," the league said in a statement, according to the Associated Press. "Pursuant to the bankruptcy laws, a trustee will be empowered to resolve all matters related to the AAF's remaining assets and liabilities, including ongoing matters related to player contracts."

Founded by Pro Football Hall of Fame executive Bill Polian and TV/film producer Charlie Ebersol, the AAF pitched itself as a developmental league for players hoping to play in the NFL.

A number of players, including Birmingham Iron quarterback Luis Perez, have signed with NFL teams since the league's demise.

The league also faces several lawsuits, including one filed by Iron punter Colton Schmidt and Orlando Apollos linebacker Reggie Northrup against AAF controlling owner Tom Dundon and Ebersol, accusing them of defrauding them.

The Iron is the latest in a long line of Birmingham-based spring football teams to play briefly at Legion Field, following the Birmingham Americans and Vulcans of the World Football League in the 1970s, the Birmingham Stallions of the USFL in the 1980s, and the Birmingham Barracudas when the CFL expanded into the United States in the 1990s.

The Birmingham Iron clinched a playoff berth in its final game, but the league shut down a few days later.

The AAF had TV deals with CBS, TNT and the NFL Network, and launched a year before the revamped XFL, owned by professional wrestling kingpin Vince McMahon, begins play in spring 2020.