Just to provide some context for what's going on, I will throw out some numbers I have heard. These are not necessarily accurate, but in the NIL era that's kind of how people arrive to their figures anyway, it's pretty much always someone said so and so cost this much.
Do not take these numbers as gospel, they are at best ballpark figures.
Reportedly Alabama offered:
Coleman 2 million
Smothers 750K
Peaks 500K
Those might be completely off, just saw someone say this. It does mean that in theory Alabama had 3 million+ allocated (which makes sense because Coleman was actually asking 4 and signed for 3, he wasn't coming cheap).
So in theory that does mean they could have enough money for Seaton who is asking 2.5 million (reportedly, heh). That of course begs the question of what exactly happened to kind of grind things to a halt for a while. Did something unexpected happen with the current roster to tie up more funds (Bray staying or the like), or was it just a value proposition where Alabama simply wasn't going to overpay (since based on those numbers they likely could have afforded both Peaks and Smothers by upping their offer)?
We just might not know until all the dust settles. I just know Alabama couldn't have gone after Coleman unless they did at least at the time feel they had money for a big portal addition. That doesn't mean that's the wise course either, but again following the logic it's not like they'd have tried to tie up all their money on Coleman either, so it shouldn't have been a big add or more pieces proposition, at least at one time they thought they had enough for both.