The 6-4 Dixon, a native of Salisbury, N.C., suffered a re-fracture of the fifth metatarsal bone in his left foot over the summer.
Coach Seth Greenberg intimated that, based on his playing career, Dixon made a good and wise decision.
"With so many games early in the year, it wouldn't give him the opportunity to have the type of senior season that he so richly deserves," Greenberg said. "We feel for him, but on the other hand, he will be able to graduate from the university in April. He will play a year of ACC basketball, while either getting a second degree, a master's degree or a real estate license."
Dixon averaged 13.8 points per game for the Hokies in 2002-03, was second on the team in assists, steals, and blocked shots and third in scoring, and has started 65 of 76 career games.