ATHLETICALLY-RELATED OUTSIDE INCOME & BENEFITS POLICY

University policy requires that any employee engaging in outside employment activities must have those activities approved by their department head. NCAA Bylaw 11.2.2 requires that all full- or part-time Virginia Tech Athletics Department staff members (excluding secretarial or clerical) must provide an annual detailed accounting to the chief executive officer of all athletically-related income and benefits received from sources OUTSIDE Virginia Tech. These types of income and benefits include:

  • Sports camps
  • Television and radio programs
  • Commercial endorsements
  • Book contracts
  • Endorsement or consultation contracts with athletic shoe, apparel, or equipment manufacturers
  • Income from annuities (provided by entities outside the university)

Using the Virginia Tech Athletics Athletically Related Income/Benefits Form , the employee requests prior approval from the Athletic Director for a prediction of any outside income/benefits. This form must be approved by the Athletics Director prior to September 1 of every year per university policy. It is the employee's responsibility to update this form if income/benefits differ significantly from the prediction offered prior to September 1. This form is then kept on file in the Compliance Office until the following September when it is turned in to the President's (or designee's) Office for review per NCAA policy. After the report is reviewed by the President's (or designee's) Office, it is then filed in the Compliance Office.