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Its complicated
NIL is not a general fund, and not controlled or accessed by the VT athletic department. Folks give to Triumph either for general athletes, programs or specific athletes. coaches can work it by soliciting NIL givers give to program x or players of their program. Its not just Triumph by itself. That 'development' piece takes alot of coaches time, some are good and some not interested. I know Pry is very active in this area. However, we are seeing old coaches in the business saying i dont have enough time, to coach, dont need to do this.
After the State of Va new law, universities can create their own NIL entity as well. That will allow them more flexibility to address NIL needs for all student athletes. That is not set up. Also, VT like the other P4 schools will have in 2026 to carve out of their ahltetic budgets 26 million a year for players pay. by court order. Simply, schools will have to meet that or breaking the law. (they can 1) pay it, 2) cut sports to find the 26 million or 3) downsize, (its a lower level cost for Group of 5 1-aa, Div 2, and Div 3. All universities signed off on the settlement.
Also, the era of developmental basketball is over. with player transfers and early out for the pros, their is not incentive for top players to sit on bench and learn the system, and move on. I think that is hurting VT as well. This more statement of the times.
This is why we are seeing so many legacy coaches getting out of the business. Its simply something they didnt sign up too. Also some AD are leaving, ... they didnt sign up for being basically a president/general manager of professional business.
For VT, its prime revenue source (and EVERYTHING collapses without it ) is football. it drives all the hotels, and restaurants with critical customers, and revenue that carries the entire year for a 90 mile radius. So of course all the initial funding must go to football HOWEVER.
VT fans and university to compete in power 4, the effort in football but double every year to support basketball and other sports. It;'s not special, its the new world. and that is just to maintain......I Think VT knows it and are working on solutions. however, for basketball, its going to get real ugly before better.
Thread Replies (26)
Writing a basketball Q&A tomorrow.
-- David Cunningham
Dec 01, 2024 at 11:46 AM ET
David Cunningham
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12/01/24 11:46 AM ET
What are the chances of retaining the young talent for next few years?
-- win-tech
Dec 02, 2024 at 01:55 PM ET
win-tech
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12/02/24 01:55 PM ET
How close is Ryan Jones to contributing as a rotational player? Or do you
-- VT One
Dec 02, 2024 at 10:25 AM ET
VT One
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12/02/24 10:25 AM ET
Why is our NIL and MBB budget so poor? Revenues hit ~$16M last year...
-- GoldCoast
Dec 02, 2024 at 08:00 AM ET
GoldCoast
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12/02/24 08:00 AM ET
How much NIL did we flush down the toilet on Rice and Hysier-Miller?**
-- N2VT2
Dec 02, 2024 at 07:21 PM ET
N2VT2
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12/02/24 07:21 PM ET
How did VT even make the '47 sun bowl with only 3 wins?**
-- sloshed in space
Dec 03, 2024 at 10:38 AM ET
sloshed in space
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12/03/24 10:38 AM ET
We impressed the bowl committee with our 3 ties. **
-- Zanderhokie
Dec 03, 2024 at 01:22 PM ET
Zanderhokie
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12/03/24 01:22 PM ET
Learn something everyday **
-- HokiesACC2004
Dec 03, 2024 at 05:38 AM ET
HokiesACC2004
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12/03/24 05:38 AM ET
Like I said, 50-75%+ of the reasons Mike Young was hired no longer exist.
-- catdaddy
Dec 02, 2024 at 10:40 AM ET
catdaddy
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12/02/24 10:40 AM ET
It’s worse being a college coach now than a pro coach.
-- GreenvilleVT
Dec 02, 2024 at 09:40 AM ET
GreenvilleVT
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12/02/24 09:40 AM ET
And it should be a top priority to stop that madness. Everyone will be
-- IB4TECH
Dec 02, 2024 at 09:50 AM ET
IB4TECH
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12/02/24 09:50 AM ET
Has seeing 7 games changed your season outlook for MBB?**
-- Motor City Hokie
Dec 01, 2024 at 10:43 PM ET
Motor City Hokie
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12/01/24 10:43 PM ET
What did you do over several days in the Fort Myers area other then hoop?**
-- Vippie1
Dec 01, 2024 at 05:18 PM ET
Vippie1
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12/01/24 05:18 PM ET
It seems the men's main issue is lack of O. What can Mike Young do?**
-- UTPr0sim
Dec 01, 2024 at 04:16 PM ET
UTPr0sim
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12/01/24 04:16 PM ET
Why isn’t Ryan Jones playing, and when will he start doing so?
-- VT ChemE 1986
Dec 01, 2024 at 12:12 PM ET
VT ChemE 1986
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12/01/24 12:12 PM ET
Good question but I think he has been injured. I too would like an update.
-- IB4TECH
Dec 01, 2024 at 12:41 PM ET
IB4TECH
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12/01/24 12:41 PM ET
He played in game 1. So he should be healthy by now.**
-- VT ChemE 1986
Dec 01, 2024 at 12:53 PM ET
VT ChemE 1986
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12/01/24 12:53 PM ET
Why? That 2:00 minute stretch may have been to test out his knee.
-- ancient alien 2018
Dec 01, 2024 at 05:24 PM ET
ancient alien 2018
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12/01/24 05:24 PM ET
Thoughts on Tyler starting over Jaydon?
-- 704cho
Dec 01, 2024 at 11:52 AM ET
704cho
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12/01/24 11:52 AM ET
For the women, who are we recruiting 6-3 and taller? Any close to signing?**
-- George Baylor
Dec 01, 2024 at 11:50 AM ET
George Baylor
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12/01/24 11:50 AM ET
I asked about this on the women's board
-- delmarva hokie
Dec 01, 2024 at 02:52 PM ET
delmarva hokie
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12/01/24 02:52 PM ET