It’s not every day that you get a $15 million donation. In fact, it has never happened to the Virginia Tech athletic department before. Monday’s announcement of a $15.2 million anonymous gift to fund a new 17,000-square foot student-athlete performance center was the first of that size for the Hokies.
Per the latest fiscal data, the Virginia Tech athletic department brought in $83.7 million during the 2015-16 fiscal year, the most recent figures available. In other words, today’s donation is worth a whopping 18.2 percent of overall athletic department revenue from just two years ago. Combined with the new Hokie Scholarship Fund, and the new per seat minimum that is required for football and men’s basketball tickets, the athletic department is likely going to bring in over $100 million in revenue for the first time during the 2017-18 fiscal year.
That’s a big deal, and it’s huge for the athletic department. However, it’s only a start, and more is needed. Virginia Tech ranked...
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