The former football player and head coach for Virginia Tech, Frank Beamer, has amassed a considerable net worth over his successful career. His wealth can be attributed to his coaching and administrative jobs in different college football teams, including Maryland, Virginia Tech, Murray State, and The Citadel. Beamer played corner for Virginia Tech from 1966 to 1968 and eventually served as a head coach from 1987 to 2015. His son Shane also played football at Virginia Tech as a long snapper.
Frank Beamer Net Worth and Salary
The current special assistant to the AD at Virginia Tech, Frank Beamer, has a net worth estimated to be around $20 million as of this writing.
Beamer began his career as an assistant at Radford High School, where he served from 1969 through 1971. In 1972, he started his coaching career as a graduate assistant at the University of Maryland. After serving the position for a season, he became an assistant coach at The Citadel under Bobby Ross. After serving five seasons as the assistant coach at The Citadel, he spent two additional seasons as defensive coordinator, totaling seven years of tenure. He then joined Murray State University as defensive coordinator under head coach Mike Gottfried. Beamer was promoted to a head coaching role in 1981.
On December 22, 1986, Beamer joined Virginia Tech as head coach, signing a four-year contract worth $80,000 per year.
In 2000, Beamer almost left the Hokies for the job at North Carolina. However, Virginia Tech offered a lucrative contract with a $1 million annual salary, which persuaded him to stay. To top it off, Hokies also provided $100,000 raise for his assistant coaches, which matched what UNC was prepared to pay. This deal placed his coaching staff among the top three highest-paid groups in the nation at the time.
Frank Beamer Post-Head Coaching Role at Virginia Tech and Compensation
Beamer announced his retirement from coaching in 2015 and was set to walk away from a contract worth a whopping $9 million over the next three years. However, the Hokies ensured their decorated head coach was well taken care of after retirement. So his deal included a post-coaching role as special assistant to the athletic director, paying him $250,000 annually for eight years, primarily for fundraising and booster events.
In addition, Beamer secured lifetime perks, including the free use of an eight-seat suite at Lane Stadium, with alternative provisions in place if the suite were ever unavailable. Before retirement, his 2015 contract year alone guaranteed him $2.8 million, with scheduled raises of about $120,000 per year for the remainder of the deal.
Overall, Beamer continues to earn $250,000 per year in salary from his post-coaching role at Virginia Tech, and if he has signed a new agreement since, his compensation is likely to have increased.
