Alabama’s dynasty continues to be a big topic of conversation in the aftermath of the Tide’s 34-24 loss to Texas on Saturday.

It’s over, Greg McElroy contends.

The SEC Network analyst and former Alabama quarterback, who also mentioned the Tide is more vulnerable now more than ever under coach Nick Saban, is quick to point out, however, that doesn’t mean Saban’s program can’t compete for championships. Those are two very different things.

“It depends a little bit on how you define a dynasty,” McElroy said this week on an episode of “Always College Football with Greg McElroy.” “I always define a dynasty with complete dominance over the competition almost always, and I think that those days have definitely gone by the wayside.”

RELATED: Saban’s daughter has message for fans critical of team

The Tide, however, will still be among the nation’s elite.

“To say that the dynasty is over, yeah, I think the run of dominance in which they destroy every opponent is done,” he said. “But it doesn’t mean that I don’t think they can’t win a championship. I still think they can.”

The Crimson Tide (1-1), which has now seen three games slip away late in the past two seasons, had its 21-game home winning streak snapped along with a 57-game regular-season binge against nonconference teams dating to Saban’s debut season, 2007.

“A dynasty means that you have to win three out of four championships,” McElroy said. “That’s the way I’ve always looked at a dynasty. Whether it’s the Patriots or Alabama from ‘09 to ‘12 or from the possibility of winning two out of three like Clemson did, everyone has their own variations of a dynasty. But a lot of people are pointing to the low-hanging fruit argument. Well, Alabama’s 4-3 in their last seven games against Power Five opponents and just suffered the first double-digit loss since 2004 in Bryant-Denny. I think that’s the low-hanging fruit argument.

“The silver lining is that they convincingly beat the Big 12 champion last year in a bowl game. They lost two of the three games that we just described by a combined four points. They’re a play or two here or there, and the outcomes flipped significantly. Now you can also push back and say well, some of the other games that they won were really close and maybe they shouldn’t have been. All that’s totally fine.”