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Virginia Tech Approves $229 Million, Four-Year Boost to Athletics Budget

University leaders say the infusion is designed to move Hokies athletics into the ACC’s top tier.

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
Virginia Tech Hokies Plan To Add $229M To Budget Next 4 Years Approved

Overview

  • The Board of Visitors voted 13-1 to adopt a $229.2 million increase to the athletics operating budget over four years.
  • The plan adds $47.1 million this fiscal year, lifting the department’s budget to $190.1 million, with growth projected to $212.1 million by 2029-30.
  • Financing calls for $120 million in philanthropy, $48.3 million in institutional support, $39.6 million in bridge funding and $21.3 million from a $100-per-year student fee.
  • President Tim Sands will appoint an athletics investment oversight committee to monitor spending and ensure accountability.
  • The move aligns with a football program reset after Brent Pry’s firing, with Philip Montgomery as interim coach, an active head-coach search, and potential structural changes such as adding a general manager.