New jersey patch

I've been cruising around the twitters today while in flight and saw some pictures from the fan appreciation day. The players were wearing a patch on the right side of the jersey above the ACC patch that is the number 150 with a football in it. Anyone know what the significance of this patch is? I assume it's 150 years, but not sure what it's marking. Virginia Tech was founded in 1872 and the NCAA was founded in 1906 so I'm a bit puzzled.

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21st century QBs Undefeated vs UVA:
MV7, MV5, LT3, Grant Wells, Braxton Burmeister, Ryan Willis, Josh Jackson, Jerod Evans, Michael Brewer, Tyrod Taylor, Sean Glennon, and Grant Noel. That's right, UVA. You couldn't beat Grant Noel.

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Warning: this post occasionally contains strong language (which may be unsuitable for children), unusual humor (which may be unsuitable for adults), and advanced mathematics (which may be unsuitable for liberal-arts majors)..

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This is my school
This is home

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I'm here for the memes, I just stay for the football.