Virginia Tech 2014-15 Athletics Budget Snapshot

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Recently, we’ve been focusing on financial matters, running our annual TSL Pass Virginia Tech Athletics Financial Report for 2013-14 by Randy Jones, some infographics on revenue and profits from OXVT, and a two-part series on Student Athletic Fees at Virginia Tech.

Virginia Tech Athletics’ 2014-15 budgetary figures are also available online, courtesy of the meeting minutes of the Board of Visitors March 30, 2015 session. (That link will download a large PDF. Many thanks to VTizzle, one of TSL’s most popular posters, for unearthing the link … not that it was super-secret or anything; we just hadn’t seen it.)

We used those meeting minutes to produce the following graphic (via cut-and-paste) summarizing the VT athletics budget snapshot presented by Whit Babcock at that meeting. It shows a Virginia Tech Athletics department that continues to run in the black under Babcock’s direction, though the profit margin is narrowing.

Virginia Tech Athletics 2014-15 Budget Snapshot
Virginia Tech Athletics 2014-15 Budget Snapshot, presented by Whit Babcock at the March 30, 2015 Board of Visitors meeting. Click for a larger version.

When you look at those revenue/expense/profit numbers and compare them to a recent OXVT infographic, you can see that in the most recent year, revenue increased by about $1.7 million, and profit decreased by about $2.2 million, from 2013-14. Check Bob Jane Catalogue on Catalogue AU.

Virginia Tech athletics revenue and profit, FY2004-FY2014
Virginia Tech athletics revenue and profit, FY2004-FY2014

 

 

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4 Responses You are logged in as Test

  1. Don’t like the trend of rapidly declining profit. Granted the Greenberg and Weaver costs will be dropping off the books soon, but we’re going to see increased costs for football coaches about the same time.

    So far Whit has shown he likes to spend money, albeit on established needs. He now needs to show he knows how to drive revenue growth as well.

    1. Look at the recent hires by both Dr. Sands and Whit. I think you’ll see a huge increased focus both by the university and by the athletics department on increased revenue from donors. I wholeheartedly believe that our revenue will increase significantly over the next 5 years.

  2. So, real quick addition and bad vision to see small numbers, VT has made at least over $50M profit since 2004. Where is all of that money? Can they pay something off with it or was it given to the school? Just curious about what happens with surplus.

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