TALLAHASSEE, Fla. — Florida State University and Mike Norvell are pursuing a restructuring plan that includes the football coach committing $4.5 million of his 2025 salary to launch a fundraising campaign amid a changing financial landscape for the sport. agreed to a contract.
Norvell signed a new contract last spring that nearly doubles his salary to $9.9 million. However, the Seminoles were 2-10 this season. This was the program’s worst record in 50 years.
Now Norvell is doing something to fund the team’s rebuild. He is renewing his one-year contract to spearhead the school’s new Vision of Excellence programme. Under the House’s new settlement agreement, the program will raise money as universities begin sharing revenue directly with athletes. The agreement will allow Division I schools to share at least $20.5 million annually with players starting July 1.
“As we all move forward to return to the standard of Florida State football, we wanted to proactively provide financial support during this transition period,” Norvell said in a statement Monday. I believe that.” Where we know we’re going. ”
LSU coach Brian Kelly announced last week that he would donate up to $1 million to the school’s organizations. Oklahoma State coach Mike Gundy signed a reduced pay contract that funnels the money saved into revenue-sharing activities.
Meanwhile, Norvell is 33-27 at Florida State and is currently under contract through 2031.
“We are grateful for Coach Norvell’s dedication to our student-athletes,” FSU Athletic Director Michael Alford said in a statement. “He was a man of high character and an honest assessment of what the program needed from its leaders to move forward. … I encourage others to follow Coach Norvell’s actions and contribute in any way they can.” I’m not shy about encouraging it.”
“You threw my son under the bus. You didn’t take care of him.”
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