The USA Today came out with its annual exhaustive look at revenue and expenses in college athletics last night, which you can get to here.

Virginia Tech ranked 34th nationally in revenue, producing just over $70.7 million in 2012, up from $66.9 million in 2011. The Hokies also had just over $66.9 million in expenses last year, up from $62.5 million.

Tech’s surplus of about $3.8 million was created by a $7.6 million subsidy through student fees and school funds, although that extra money is generally planned into the budget for future facilities projects. That’s not uncommon in college athletics.

Here’s a look at Virginia Tech’s revenue over the years (I tried to get it all on one line, but it wouldn’t fit):

YEAR 	TICKET SALES 	CONTRIBUTIONS 	RIGHT LICENSE 	STUDENT FEES 	
2012 	$16,795,609 	$18,153,190 	$25,302,823 	$7,347,477 	
2011 	$18,979,129 	$15,849,981 	$19,507,069 	$7,237,091 	
2010 	$16,740,933 	$16,138,765 	$18,834,551 	$6,533,756 	
2009 	$16,973,900 	$15,315,905 	$18,336,466 	$6,410,186 	
2008 	$17,486,754 	$17,345,132 	$18,293,587 	$6,157,813 	
2007 	$17,010,554 	$22,251,053 	$15,473,752 	$6,066,344 	
2006 	$12,939,602 	$13,866,740 	$12,488,974 	$5,886,964 	
2005 	$14,109,920 	$10,392,445 	$12,329,138 	$5,840,958 	

YEAR    SCHOOL FUNDS 	OTHER 	        TOTAL REVENUES
2012    $317,728 	$2,806,921 	$70,723,748
2011    $354,023 	$4,982,264 	$66,909,557
2010    $372,795 	$4,992,664 	$63,613,464
2009    $349,444 	$3,509,975 	$60,895,876
2008    $371,604 	$4,757,453 	$64,412,343
2007    $384,514 	$4,416,165 	$65,602,382
2006    $323,041 	$3,152,683 	$48,658,004
2005    $324,469 	$2,733,555 	$45,730,485

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You can see ticket sales dropped off in 2012 after peaking in 2011. Contributions reached a five-year high. But the biggest jump was in licensing money (TV money, mostly), which got up to $25.3 million, nearly double the figure it was in 2006.

And here are the Hokies’ expenses:

YEAR 	COACHING STAFF 	SCHOLARSHIPS 	BLDINGS/GRNDS 	OTHER 	        TOTAL EXPENSES
2012 	$20,811,248 	$10,277,000 	$17,318,018 	$18,749,532 	$66,970,798
2011 	$19,819,808 	$9,374,464 	$16,037,144 	$17,548,381 	$62,594,797
2010 	$18,334,891 	$8,470,679 	$14,013,497 	$15,104,566 	$55,738,633
2009 	$17,821,202 	$7,830,388 	$15,988,964 	$17,465,105 	$58,920,659
2008 	$16,986,851 	$6,877,972 	$18,019,421 	$17,458,501 	$59,157,745
2007 	$16,680,846 	$6,291,716 	$17,461,407 	$15,745,202 	$56,064,171
2006 	$15,560,736 	$5,533,641 	$11,832,028 	$12,500,095 	$45,311,500
2005 	$12,905,831 	$4,870,991 	$7,658,341 	$12,084,966 	$37,465,129

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The largest expenditure was coaching salaries, which topped $20 million for the first time. Scholarship commitments topped $10 million for the first time. And building/grounds costs topped $17 million, more than double the cost from 2005.

So how does Virginia Tech stack up in the ACC? I’m glad you asked. Here are total revenue figures for current and future ACC members. Their national rank is in parentheses:

• 1. Florida State — $100.0 million (13th)
• 2. Louisville — $87.8 million (20th)
• 3. North Carolina — $82.4 million (25th)
• 4. Virginia — $80.8 million (27th)
• 5. Virginia Tech — $70.7 million (34th)
• 6. Clemson — $70.0 million (37th)
• 7. Maryland — $68.1 million (39th)
• 8. Georgia Tech — $63.2 million (44th)
• 9. N.C. State — $59.8 million (46th)

Note: Private schools like Notre Dame, Miami, Wake Forest, Boston College, Duke and Syracuse do not have to disclose their finances through public record requests. Pennsylvania has very restricted Sunshine Laws, so Pittsburgh’s data isn’t available either.

Why the $10 million gap between UVa and Tech, you might ask? It’s largely because of contributions. Virginia took in $30.7 million in contributions last year compared to Virginia Tech’s $18.1 million. UVa also took in nearly $6 million more in student fees.

Here’s a side-by-side look between the two major state schools, and let’s throw in Old Dominion for good measure (and keep in mind that not every school’s accounting is uniform, so take these figures for what they’re worth):

TEAM	        TICKET SALES	CONTRIBUTIONS	RIGHT LICENSING	STUDENT FEES
Virginia	$12,723,485	$30,706,516	$22,384,064	$13,131,129	
Virginia Tech 	$16,795,609 	$18,153,190 	$25,302,823 	$7,347,477 	
Old Dominion    $3,253,574 	$3,650,714 	$1,374,052 	$26,024,503 	

TEAM            SCHOOL FUNDS	OTHER	        TOTAL REVENUES
Virginia        $0	        $1,890,372	$80,835,566
Virginia Tech   $317,728 	$2,806,921 	$70,723,748
Old Dominion    $382 	        $944,196 	$35,247,421

The ACC announced its 2013-14 bowl lineup Monday, and seven of the eight games will be played between Dec. 27 and 31.

The lone exception is the Orange Bowl, which will take place Jan. 3 at 8 p.m. The Orange Bowl has the first selection of teams that qualified for the BCS once conference champions and replacements for teams that make the BCS title game have been placed.

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The ACC also has a conditional bowl agreement this year with the Kraft Fight Hunger Bowl if the Pac-12 or BYU are not able to fulfill their commitment to the game.

The new College Football Playoff begins in the 2014-15 season. The current bowl contracts only last through this season.

Here’s the full bowl schedule in order of selection (all times are ET):

Orange Bowl in Miami Gardens, Fla.

• Friday, Jan. 3, 2014, 8 p.m. (ESPN)
• vs. No. 1 BCS at-large pick after replacements chosen for bowls conference champs to BCS title game

Chick-fil-A Bowl in Atlanta

• Tuesday, Dec. 31, 2013, 8 p.m. (ESPN)
• vs. team from SEC

Russell Athletic Bowl in Orlando

• Saturday, Dec. 28, 2013, 6:45 p.m. (ESPN)
• vs. American Athletic Conference No. 1 (old Big East)

Sun Bowl in El Paso, Texas

• Tuesday, Dec. 31, 2013, 2 p.m. (CBS)
• vs. Pac-12 No. 4 after BCS

Belk Bowl in Charlotte, N.C.

• Saturday, Dec. 28, 2013, 3:20 p.m. (ESPN)
• vs. team from American Athletic Conference

Music City Bowl in Nashville, Tenn.

• Monday, Dec. 30, 2013, 3:15 p.m. (ESPN)
• vs. team from SEC

AdvoCare V100 Bowl in Shreveport, La.

• Tuesday, Dec. 31, 2013, 12:30 p.m. (ESPN)
• vs. team from SEC

Military Bowl in Washington, D.C.

• Friday, Dec. 27, 2013, 2:30 p.m. (ESPN)
• vs. TBD

Kraft Fight Hunger Bowl (conditional) in San Francisco

• Friday, Dec. 27, 2013, 9:30 p.m. (ESPN)
• vs. TBD

The college football realignment carousel might have just come to a screeching halt.

The ACC’s council of presidents announced Monday that each of its soon-to-be 15-member institutions have signed a grant of media rights, effective immediately, likely protecting the league from poaching by other conferences.

“This announcement further highlights the continued solidarity and commitment by our member institutions,” ACC commissioner John Swofford said. “The Council of Presidents has shown tremendous leadership in insuring the ACC is extremely well positioned with unlimited potential.”

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Unlike the council of presidents’ solidarity statement last fall, which had no revenue commitment to back it up, this grant of rights deal fortifies the league from any possible advances by the Big Ten, SEC or Big 12.

A grant of media rights provision means the schools have relinquished control of their TV rights for the duration of the ACC’s deal. If a school leaves for another conference before the 2026-27 season, it forfeits those earnings, a penalty that could be worth hundreds of millions of dollars.

The ACC signed a 15-year, $3.6 billion TV deal with ESPN last May, with an average of $17.1 million distributed to each of its 14 full-time member schools per year. Although Notre Dame retains its TV rights separately with NBC, the part-time addition of the Fighting Irish is still expected to boost the ACC’s current deal, according to CBSSports.com, potentially up to $20 million a year.

The ACC currently has an exit fee that was three times the league’s annual operating budget — roughly $52 million — a figure agreed upon last September. Maryland, which is leaving for the Big Ten next year, has begun a legal battle to lower that amount.

All 15 of the league’s member future member institutions — including soon-to-be full-time members Pittsburgh and Syracuse, partial member Notre Dame and 2014 addition Louisville — agreed to the measure.

Of the five power conferences in football, the Pac-12, Big 10 and Big 12 have similar grant of rights agreements. The SEC is the only league that does not.

Obviously, the focus this weekend will be basketball, with conference tournaments in full swing. But I had something left over from last week that I tweeted but didn’t blog about athletic director salaries.

USA Today, which does its annual football coaching salary database, did the same thing last week with athletic directors across the country.

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Virginia Tech’s Jim Weaver receives $621,529 annually, which puts him fifth  in the ACC and 28th nationally. Weaver’s pay includes a $601,529 base salary with $20,000 in “other” pay. He is also eligible for bonuses up to $123,255. The report did not specify what requirement needed to be met to achieve the bonus.

If you missed Mark Berman‘s story on Weaver from last weekend, you can get to it here. Weaver, who suffers from Parkinson’s disease, reiterated that he intends to remain the Hokies’ AD until his contract ends in December 2015. He’ll be 70 years old then.

Duke’s Kevin White is the highest paid of the current ACC athletic directors, earning $906,536 a year. When Notre Dame joins the league in all sports except football and hockey, Jack Swarbrick will shoot to the top. He earns $1,026,942.

Two recently-hired athletic directors – Clemson’s Dan Radakovich and Georgia Tech’s Mike Bobinski — rank second and fourth in the ACC, respectively.

Several ADs on the low end of the pay scale in the ACC have bonuses that could offset that. N.C. State’s Debbie Yow, whose total pay currently ranks eighth in the ACC, is eligible for a bonus of up to $546,000, more than her base salary.

Weaver’s potential $123,255 bonus is the third largest in the ACC to Yow and Florida State’s Randy Spetman ($330,000). If Weaver earns his entire bonus, it would vault him up to be the second-highest paid AD of current ACC schools.

Here’s a list of every AD’s total pay and potential bonus in the ACC, with members joining this summer thrown in there as well. Boston College and Miami are private institutions and didn’t have to comply to the USA Today’s public records request.

Athletic director, School — Total pay (Maximum bonus)

• Jack Swarbrick, Notre Dame — $1,026,942  ($0)
• Kevin White, Duke — $906,536 ($0)
• Dan Radakovich, Clemson — $725,000 ($0)
• Ron Wellman, Wake Forest — $688,000 ($0)
• Mike Bobinski, Georgia Tech — $625,000 ($0)
• Jim Weaver, Virginia Tech — $621,529 ($123,255)
• Steve Pederson, Pittsburgh — $595,595 ($0)
• Craig Littlepage, Virginia — $586,750 ($100,000)
• Darryl Gross, Syracuse — $570,057 ($0)
• Bubba Cunningham, North Carolina — $565,000 ($0)
• Debbie Yow, N.C. State — $500,000 ($546,000)
• Kevin Anderson, Maryland — $499,490 ($50,000)
• Randy Spetman, Florida State — $350,000 ($330,000)
• Brad Bates, Boston College — N/A
• Blake James, Miami — N/A

Here’s a glance at who is around Weaver nationally in total pay (max bonus in parentheses):

• 26. Mike Bobinski, Georgia Tech — $625,000 ($0)
• 27. Oliver Luck, West Virginia – $625,000 ($150,000)
• 28. Jim Weaver, Virginia Tech — $601,529 ($123,255)
• 29. Jay Jacobs, Auburn — $612,000 ($150,000)
• 30. Sandy Barbour, California — $576,931 ($271,004)

Notre Dame will become an official partial member of the ACC on July 1 this year after coming to an agreement to leave the fractured Big East. The decision was described by the league as “amicable.”

That means the ACC will welcome Pittsburgh, Syracuse and Notre Dame this year, making it a 15-team league for most sports.

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However, it doesn’t have an effect on the Fighting Irish’s football arrangement with the ACC. Notre Dame will still begin playing five ACC schools per season starting in 2014, the same year Louisville joins the league as a replacement for Maryland.

It’s still unclear when Notre Dame will be on Virginia Tech’s football schedule for the first time, although with full non-conference slates in 2014 and ’16, a 2015 matchup would make sense. The Hokies are scheduled to play vs. Furman, at East Carolina and vs. Ohio State that year, with space to easily add a fourth non-conference game.

ACC commissioner John Swofford released this statement about today’s news:

“Our conference, schools and fans are delighted that Notre Dame will join the ACC on July 1, 2013. The addition of Notre Dame, Pitt and Syracuse, followed by Louisville in 2014, positions us extremely well with an outstanding collection of 15 member institutions.

“As was previously announced, our annual five games against Notre Dame in football will begin with the 2014 season. This not only will enhance our league’s already ambitious football schedules but also will provide terrific fan excitement.

“From a basketball perspective, the level of competition will be second to none. As we look towards the future, there’s no denying that ACC Basketball will continue to set even higher standards of excitement and excellence. The competition will be brutal, which is a great thing for our league and fans.”