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

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)

I have not yet been able to get in contact with Tom Gabbard, Associate Director of Athletics for Internal Affairs, to talk about the new video board the Hokies will be adding in Lane Stadium. Hopefully I can add some insight on that later today.

In the meantime, here’s some salary information on the new coaches. All told, the cost of Virginia Tech’s new, existing and departing staff will be close to $5 million in 2013.

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The actual figure — if my math is correct — is $4,964,690, which includes Frank Beamer‘s new contact (with salary, retention incentive and Nike and IMG compensation), salaries for all nine on-field assistant coaches and money owed to two coaches who have departed. (UPDATE: that figure is probably a little lower now that Curt Newsome has formally been hired by James Madison.)

That is remarkably close to last year’s figures. Virginia Tech’s coaching staff was due about $4.93 million prior to bonuses last season.

The assistants still on the staff got 7 percent raises from last year based on the bowl appearance (the language for raises is written into Beamer’s contract). Here’s what their 2013 salaries will look like:

• Bud Foster — $504,785
• Bryan Stinespring — $300,000
• Charley Wiles -- $261,673
• Torrian Gray — $216,704
• Shane Beamer — $216,704
• Cornell Brown — $216,704
• Scot Loeffler — $150,000
• Jeff Grimes — $150,000 (becomes $265,000 on July 1)
• Aaron Moorehead — $150,000

Virginia Tech still owes Mike O’Cain and Newsome their salaries through June 30, 2013, which is how long their university letter of appointments run. O’Cain made $252,776 last year and Newsome $212,653, although since they were on staff to start the new year, they should be eligible for the 7 percent raise based on the bowl appearance.

Prorated for half the year, the Hokies will owe them about $249,004, although now that Newsome has been officially hired by James Madison, that should lower Virginia Tech’s financial obligation to him over the next few months. Kevin Sherman accepted a job at Purdue at a higher pay rate. Due to language in his Virginia Tech letter of appointment, the Hokies do not owe him additional money.

Jim Cavanaugh and Billy Hite still have administrative jobs that are paid at a rate of $150,000. Their letters of appointment run through the end of June.

The only assistant coach with a contract now is Foster. Stinespring did have one — and would have been eligible for a buyout for around $1 million for being removed as offensive coordinator — but now is on a letter of appointment for $300,000 a year through June 30, 2016. The three new coaches, even Loeffler, are operating under letters of appointment.

As was mentioned when the new coaches were hired, the $150,000 salary listed for Loeffler and Grimes is temporary. Virginia Tech designed the salaries to be less for the duration of their contracts at Auburn, which owes them the difference from their previous salaries to their new ones (Loeffler made $500,000 per year at Auburn; Grimes $400,000).

Loeffler will begin making $400,000 a year from Virginia Tech on July 1, 2014. Grimes will begin making $265,000 a year from the Hokies on July 1, 2013. So really, Tech will pay Grimes $207,500 this year ($75,000 for half the year, $132,500 the second half).

Frank Beamer‘s new contract went into effect on Jan. 1. He has a base salary of $285,944 this year, with a retention incentive of $2,020,672 (for Hokie Club appearances, university PR functions, radio and TV appearances) and Nike and IMG contracts worth $185,000. That’s a grand total of $2,491,616, prior to possible bonuses.

Once the new assistant coaches’ contracts all go into effect, Virginia Tech will be paying them $2,531,570. Last year, only Clemson ($4,246,750) and Florida State ($3,042,050) paid their assistant coaches more in the ACC, according to the USA Today’s salary database, although the Seminoles have had almost a complete staff overhaul, making it unclear what their final payroll obligation will be this year.

Louisville isn’t in the ACC yet. That won’t happen until 2014. But the Cardinals are already upping the ante on the league’s head coaching salaries.

ESPN’s Brett McMurphy tweeted Wednesday that Louisville and head coach Charlie Strong agreed to an eight-year contract worth $3.7 million per year. That makes Strong the seventh highest-paid coach in the country (of schools that release salary information), trailing Alabama’s Nick Saban, Texas’ Mack Brown, Oklahoma’s Bob Stoops, Ohio State’s Urban Meyer, LSU’s Les Miles and Iowa’s Kirk Ferentz.

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It also laps the field in the ACC, where Florida State’s Jimbo Fisher is the highest-paid coach at $2.75 million per season. (Miami, as a private school, doesn’t release Al Golden‘s salary figure. Boston College and future member Syracuse are the same. Pennsylvania has some of the worst Sunshine Laws in the country, so Pittsburgh’s coaching salaries are not public either.)

Here’s a list of ACC head coaching salaries per year (pre bonuses), with as much updated information as possible (many of the figures are from 2012, unless a new contract has been signed or a raise announced). Since Pittsburgh and Syracuse are coming on board this year and Louisville in 2014, I’ll throw them on the list too and remove Maryland. In parentheses is each school’s athletic department revenue in 2011, the most recent available data.

• Charlie Strong, Louisville — $3.7 million ($87 million)
• Jimbo Fisher, Florida State — $2.75 million ($78 million)
• Mike London, Virginia — $2.552 million ($78 million)
• Frank Beamer, Virginia Tech – $2,491 million ($66 million)
• Larry Fedora, North Carolina — $2.448 million ($75 million)
• Paul Johnson, Georgia Tech — $2.445 million ($54 million)
• Jim Grobe, Wake Forest — $2.254 million ($42 million)
• Dabo Swinney, Clemson — $2.05 million ($61 million)
• Dave Doeren, N.C. State — $1.8 million ($51 million)
• David Cutcliffe, Duke — $1.788 million ($67 million)
• Steve Addazio, Boston College — N/A ($64 million)
• Al Golden, Miami — N/A ($60 million)
• Paul Chryst, Pittsburgh — N/A ($56 million)
• Scott Shafer, Syracuse — N/A ($51 million)

Considering that revenue figure for Louisville is under the money received from the Big East’s less lucrative TV contract, it stands to figure that, financially at least, the Cardinals are going to be a force to be reckoned with once they enter the ACC.

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In other news, the NCAA made a surprising announcement today that after uncovering improper conduct on the part of its investigators, it has put a hold on the investigation into Miami. That means the NCAA will not move forward with a Notice of Allegations until all the facts about the issue are known.

Here’s a longer story about the ordeal. Here’s a key quote from it, courtesy of NCAA president Mark Emmert: “If there is any information that was obtained improperly, absolutely it would be thrown out.”

What does that mean for Miami? It’s tough to say. Certainly not all of the information obtained was through improper methods. But there’s no way of knowing how much was legit and how much wasn’t at this point.

As for the Hurricanes, who many thought would get the NCAA hammer, they’ve already self-imposed two consecutive postseason bans in anticipation of penalties. I’d imagine scholarship sanctions are still in the works, considering the magnitude of the case, but would the NCAA consider any additional postseason ban, especially in light of this new information? Just basing it off penalties other schools have gotten, it seems like that would be unlikely.

Virginia Tech is in a bizarre holding pattern at the moment.

Possible changes to the coaching staff seem like they might be on hold for now, at least until the American Football Coaches Association’s convention Jan. 6-9 in Nashville, where it’s possible Frank Beamer could talk to a number of potential candidates in one location.

As for the report that Kevin Sherman will be heading to Purdue, new Boilermakers coach Darrell Hazell decided to stick with Kent State through the GoDaddy.com Bowl in Mobile against Arkansas State, which is Sunday. It’d be surprising in his dual coaching role if Hazell made any official staff announcements before then.

Then there’s the three players who are considering their NFL options – Logan Thomas, James Gayle and Antone Exum. All three have gotten their feedback from the NFL Draft Advisory Board. Now they have until Jan. 15 to enter their name in the draft, presumably after some discussion with trusted family and friends.

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So for now, everyone waits. In the meantime, Beamer began his new four-year contract on Jan. 1, one that he had agreed to in September of 2011. It calls for him to be paid $2,491,616 before bonuses this year, which is still a relative bargain in the coaching profession.

Just this offseason, Arkansas gave Brett Bielema $3.2 million annually, Auburn gave Gus Malzahn $2.3 million annually, Kentucky gave Mark Stoops $2.2 million annually (with an potentially lucrative bonus setup) and Tennessee gave Butch Jones $2.95 million annually. None of those coaches are anywhere close to Beamer’s 258 career wins.

Even within the ACC, Beamer’s salary is still on par or lower than many of his colleagues. According to a USA Today database, Florida State’s Jimbo Fisher ($2.75 million), UVa’s Mike London ($2.556 million) UNC’s Larry Fedora ($2.448 million) and Georgia Tech’s Paul Johnson ($2.445 million) made comparable figures in 2012 and probably will receive some sort of contractually obligated pay bump in 2013.

Here’s a breakdown of Beamer’s pay this year:

• Base salary – $285,944
• Retention incentive – $2,020,672 (for Hokie Club appearances, university PR functions, radio and TV appearances)
• Nike and IMG contracts – $185,000

Other than a slight pay bump, the contract is almost identical to his previous one, except for the post-head coach employment section, which states Beamer will be appointed to special advisor to the athletic director upon his retirement, with an annual salary of $250,000 for eight years.

The bonus structure and assistant raise pool is identical to the previous contract. By playing in the Russell Athletic Bowl, Beamer is due a $50,000 bonus. Coordinators Bud Foster and Bryan Stinespring are due a $50,000 bonus. Associate head coach Shane Beamer is due a $25,000 bonus. The other seven assistant coaches, assistant AD for athletic performance Mike Gentry and associate AD for football operations John Ballein are due a $20,000 bonus. Equipment manager Lester Karlin and trainer Mike Goforth are due 1.5 months salary, per the contract.

Because the Hokies made the Russell Athletic Bowl, the assistant coaches are due a 7 percent raise from their previous year’s salary (the contract says 7 percent for an appearance in the Gator or Peach bowls, although it’s actually in reference to the 2nd and 3rd-ranked ACC bowls, which have changed over the life of the contract).

Applying that to last year’s salaries, here’s what the assistant coaches’ salaries will look like in 2013, assuming all are retained:

• Bud Foster: $504,785
• Bryan Stinespring: $374,478
• Mike O’Cain: $270,470
• Charley Wiles: $261,662
• Curt Newsome: $227,538
• Shane Beamer: $216,703
• Cornell Brown: $216,703
• Torrian Gray: $216,703
• Kevin Sherman: $216,664