In fiscal year 2025, Virginia Polytechnic Institute and State University (VT)'s Swimming and Diving program reported $548K in revenue and $4.6M in expenses, for a net deficit of $4.1M. The largest revenue source was Royalties, Licensing, Advertisement and Sponsorships at $276K. Among the 56 FBS programs reporting Swimming and Diving data, Virginia Polytechnic Institute and State University ranks 9th overall in total expenses (9th of 33 Power Four programs) — above the FBS average of $2.7M. Virginia Polytechnic Institute and State University competes in the ACC; financial data is available from FY2010 through FY2025.
| Category | Amount |
|---|---|
| Royalties, Licensing, Advertisement and Sponsorships | $275,978 |
| NCAA Distributions | $197,646 |
| Contributions | $72,342 |
| Guarantees | $2,000 |
| Category | Amount |
|---|---|
| Athletic Student Aid | $1,435,936 |
| Coaching Salaries, Benefits and Bonuses paid by the University and Related Entities | $898,249 |
| Enhanced Educational Benefits (Alston or other) | $601,780 |
| Sports Equipment, Uniforms and Supplies | $340,945 |
| Student-Athlete Meals (non-travel) | $314,535 |
| Facilities Maintenance and Operations | $300,440 |
| NCAA Post-Season Non-Football Expenses | $237,160 |
| Team Travel | $209,420 |
| Recruiting | $92,236 |
| Medical Expenses and Insurance | $70,189 |
| Other Operating Expenses | $36,229 |
| NCAA Post-Season Non-Football Expenses - Coaching Compensation/Bonuses | $25,000 |
| Game Expenses | $14,748 |
| Support Staff/Administrative Compensation, Benefits and Bonuses paid by the University and Related Entities | $12,116 |
| Direct Overhead and Administrative Expenses | $4,717 |
| Memberships and Dues | $4,360 |
| Fund Raising, Marketing and Promotion | $2,888 |
| Guarantees | $2,000 |
| Fiscal Year | Revenue | Expenses | Net |
|---|---|---|---|
| FY2025 | $547,966 | $4,602,948 | -$4.1M |
| FY2024 | $892,308 | $7,820,042 | -$6.9M |
| FY2023 | $329,476 | $6,930,076 | -$6.6M |
| FY2022 | $434,322 | $6,061,188 | -$5.6M |
| FY2021 | $96,896 | $5,180,686 | -$5.1M |
| FY2020 | $397,124 | $5,342,076 | -$4.9M |
Virginia Tech's Swimming and Diving program operates at a significant financial loss, generating $548K in revenue against $4.6M in expenses in FY2025, resulting in a $4.1M deficit. The program ranks 9th in expenses among all 56 FBS schools and 9th among Power Four programs, spending well above the FBS average of $2.7M, with Athletic Student Aid comprising the largest expense category at $1.4M. Notably, expenses have declined sharply from a peak of $7.8M in FY2024, representing a reduction of more than $3M year-over-year.
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