VMI executive committee approves 1/3-1/3/1/3 athletics budget plan, delays some hires and equipment purchases

The Virginia Military Institute executive committee voted to adopt a three-way budget plan for athletics on a voice vote, approving a proposal that spreads the cost reduction and new revenue burden across private donors, new revenue initiatives and a limited draw on one‑time institute funds. The plan, described by presenters as the “1/3-1/3-1/3” model, aims to bring the athletic investment cap in line with board direction for fiscal years 2026–27 by combining (1) additional operating revenue and expense reductions from the athletics department, (2) increased private operational support from the Keydet Club and related alumni vehicles, and (3) a one‑time reallocation of local unrestricted contingency funds over a two‑year runway. Committee members said the approach trades larger immediate cuts for a short runway to grow private…