UVA has hardly "nosedived annually"
In 2001, they lost in first round as a 5 seed. Bad.
In 2007, they lost 4 vs 5 in second round.
In 2012, they lost to higher seed in first round.
In 2014, they lost to a 4 in sweet 16. Sooner than expected, but not an earth shaking miss
In 2015, they lost...