diff --git a/.vsts-dotnet.yml b/.vsts-dotnet.yml
index cfa76d683ab..32ec1a3e52d 100644
--- a/.vsts-dotnet.yml
+++ b/.vsts-dotnet.yml
@@ -16,6 +16,10 @@ parameters:
   displayName: Optional OptProfDrop Override
   type: string
   default: 'default'
+- name: EnableOptProf
+  displayName: Enable OptProf data collection for this build
+  type: boolean
+  default: true
 
 variables:
   # if OptProfDrop is not set, string '$(OptProfDrop)' will be passed to the build script.
@@ -33,6 +37,10 @@ variables:
       value: ${{parameters.OptProfDropName}}
     - name: SourceBranch
       value: ''
+  # Override SkipApplyOptimizationData to true when disabling OptProf data collection
+  - ${{ if eq(parameters.EnableOptProf, false) }}:
+    - name: SkipApplyOptimizationData
+      value: true
   - name: EnableReleaseOneLocBuild
     value: true # Enable loc for vs17.14
   - name: Codeql.Enabled
@@ -164,6 +172,7 @@ extends:
             AccessToken: '$(System.AccessToken)'
             feedSource: 'https://devdiv.pkgs.visualstudio.com/DefaultCollection/_packaging/MicroBuildToolset/nuget/v3/index.json'
           displayName: 'Install OptProf Plugin'
+          condition: and(succeeded(), ${{ parameters.EnableOptProf }})
 
         # Required by MicroBuildBuildVSBootstrapper
         - task: MicroBuildSwixPlugin@4
@@ -199,7 +208,7 @@ extends:
             toLowerCase: false
             usePat: true
           displayName: 'OptProf - Publish to Artifact Services - ProfilingInputs'
-          condition: succeeded()
+          condition: and(succeeded(), ${{ parameters.EnableOptProf }})
 
         # Build VS bootstrapper
         # Generates $(Build.StagingDirectory)\MicroBuild\Output\BootstrapperInfo.json
@@ -210,7 +219,7 @@ extends:
             manifests: $(VisualStudio.SetupManifestList)
             outputFolder: '$(Build.SourcesDirectory)\artifacts\VSSetup\$(BuildConfiguration)\Insertion'
           displayName: 'OptProf - Build VS bootstrapper'
-          condition: succeeded()
+          condition: and(succeeded(), ${{ parameters.EnableOptProf }})
 
         # Publish run settings
         - task: PowerShell@2
@@ -222,7 +231,7 @@ extends:
                       /p:BootstrapperInfoPath=$(Build.StagingDirectory)\MicroBuild\Output\BootstrapperInfo.json
                       /p:VisualStudioIbcTrainingSettingsPath=$(Build.SourcesDirectory)\eng\config\OptProf.runsettings
           displayName: 'OptProf - Build IBC training settings'
-          condition: succeeded()
+          condition: and(succeeded(), ${{ parameters.EnableOptProf }})
 
         # Publish bootstrapper info
         - task: 1ES.PublishBuildArtifacts@1
@@ -231,7 +240,7 @@ extends:
             ArtifactName: MicroBuildOutputs
             ArtifactType: Container
           displayName: 'OptProf - Publish Artifact: MicroBuildOutputs'
-          condition: succeeded()
+          condition: and(succeeded(), ${{ parameters.EnableOptProf }})
 
         - task: 1ES.PublishBuildArtifacts@1
           displayName: 'Publish Artifact: logs'
@@ -293,7 +302,7 @@ extends:
           displayName: Tag build as ready for optimization training
           inputs:
             tags: 'ready-for-training'
-          condition: succeeded()
+          condition: and(succeeded(), ${{ parameters.EnableOptProf }})
 
         - task: ms-vseng.MicroBuildTasks.521a94ea-9e68-468a-8167-6dcf361ea776.MicroBuildCleanup@1
           displayName: Execute cleanup tasks
diff --git a/eng/Versions.props b/eng/Versions.props
index 672b97f5c20..4838e8caca1 100644
--- a/eng/Versions.props
+++ b/eng/Versions.props
@@ -2,7 +2,7 @@
 <!-- Copyright (c) .NET Foundation and contributors. All rights reserved. Licensed under the MIT license. See License.txt in the project root for full license information. -->
 <Project>
   <PropertyGroup>
-    <VersionPrefix>17.14.15</VersionPrefix>
+    <VersionPrefix>17.14.16</VersionPrefix>
     <DotNetFinalVersionKind>release</DotNetFinalVersionKind>
     <PackageValidationBaselineVersion>17.13.9</PackageValidationBaselineVersion>
     <AssemblyVersion>15.1.0.0</AssemblyVersion>