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3h ago

Virginia Tech Approves $229 Million, Four-Year Athletics Funding Plan

University leaders established an oversight committee to monitor the investment.

Sep 27, 2025; Raleigh, North Carolina, USA; Virginia Tech Hokies quarterback Kyron Drones (1) attempts to throw the ball during the first half of the game against North Carolina State Wolfpack at Carter-Finley Stadium. Mandatory Credit: Jaylynn Nash-Imagn Images

Overview

  • The Board of Visitors voted 13-1 to add $229.2 million to the athletics operating budget over the next four years.
  • The plan begins with a $47.1 million increase for 2026, raising the budget to $190.1 million and placing Virginia Tech in the ACC’s top third by funding.
  • Further annual increases are slated at $61.0 million, $60.6 million and $60.5 million through 2029-30.
  • Financing is projected to come from about $120 million in philanthropy, $48.3 million in institutional support, $39.6 million in bridge funding and $21.3 million via a $100-per-year student fee.
  • Specific allocations were not disclosed, with officials indicating a football focus as the coaching search continues and Philip Montgomery serves as interim head coach; athletic director Whit Babcock has signaled a modernized structure that could include a football general manager.