Based on the article posted today on the home page, in 2022-2023 VT ran a $12.5 million surplus and UVA ran a $4.9M surplus. It is my understanding that the House agreement requires each program to pay about $20M per year in extra compensation to past and present players. I am an engineer and not an accountant, but that indicates to me that VT has to come up with $8M and UVA needs $15M in athletic department cuts effectively next season. That said, it is my recollection of other posters that VT is one of the few schools outside the P2 even running a positive balance. There is no new revenue source - just $20M in extra cost. Looking at the annual costs, this should require reductions in salary and staff across the board. If the House deal is as reported and going into effect soon, there is going to be multiple universities cutting sports programs, dropping coaches (if they can), and getting rid of non-revenue sports. When does House take affect? What will immediate effect be on VT sports administration and program from a financial status?