In order for the upgrade to continue you have to upgrade your database to a supported version of SQL Server. Another option ...

In order for the upgrade to continue you have to upgrade your database to a supported version of SQL Server. Another option is to back up your database, install a fresh copy of VMM and provide your backed-up database as an existing database during Setup.
For information about supported versions of SQL Server go to http://go.microsoft.com/fwlink/?LinkID=212846