Old Dominion’s push to add nearby ACC programs to its schedule continues with the addition of a three-game set with Virginia. The two schools announced a three-game scheduling agreement that will see Virginia get two home games and play one game at Old Dominion.
Virginia will host Conference USA’s Old Dominion on November 17, 2018 and again on September 17, 2022. Old Dominion will welcome Virginia to Norfolk on November 21, 2020. According to The Virginian Pilot, Virginia will pay Old Dominion $400,000 per home game (Old Dominion will not pay Virginia for its home game).
Old Dominion has done a solid job of locking up contracts with multiple ACC opponents for years to come. The Monarchs visit NC State this fall in the second half of a home-and-home deal. Old Dominion has a home-and-home deal with North Carolina kicking off in 2017 and concluding in 2020. In between is a home-and-home deal with Virginia Tech as part of a long-term scheduling agreement. Wake Forest is also added for a home-and-home series in 2019 and 2020 (which means three ACC opponents for Old Dominion in 2020).
Old Dominion has tried sticking to straight home-and-home deals but the financial strain that leads to inevitably took a toll and influenced the decision to concede a home game against Virginia. Part of that appears to be the expected reduction in television revenue coming for Conference USA. Per The Virginian Pilot;
Conference USA officials recently learned that new TV contracts that go into effect in July will reduce the league’s revenue by about $500,000 per school per year. In addition, ODU is set to begin paying athletes stipends in August that are part of the so-called full cost of attendance. The stipends, which pay for cell phones, entertainment and travel not included in scholarships, will cost ODU about $800,000 per year.
With that in mind, it might not be a shock to see Old Dominion’s next scheduling agreement with a power conference opponent come with an extra road game as well.