Mike Norvell is among the highest-paid coaches in faculty soccer. The eight-year, $80 million extension final 12 months got here off successful the ACC championship in 2023.
FSU initially supposed to pay Norvel $9.9 million in 2025, however a restructured contract time period now displays an up to date wage of $5,435,000. This is because of $4.5 million going again to the college for NIL assist.
Florida State began the 2025 season at 3-1, together with a 46-38 loss to unranked Virginia. Norvell’s staff bounced again from a 2-10 file final 12 months. They picked up a serious season-opening 31-17 win over then-No. 8 Alabama, together with straightforward victories over East Texas A&M and Kent State. Nevertheless, the Noles face a Miami for an ACC battle after the loss to UVA.
Given the primary bump within the highway and now one ACC win prior to now ten tries, here is the main points of Norvell’s contract, together with a proper buyout settlement that’s an eight-figure complete.
Mike Norvell buyout phrases
In keeping with Sportico, Norvell’s buyout was $64.1 million. The determine drops every day and displays 85 p.c of his remaining contract till 2031.
Within the case Norvell is fired, Florida State owes him 85% or his remaining wage and extra compensation by means of the top of his contract, which lasts till Dec. 31, 2031. FSU can both pay the buyout abruptly, or month-to-month by means of the rest of his contract interval, in response to ESPN.
$64.1 million on Dec. 31, 2025
$51 million on Dec. 31, 2026
$42.5 million on Dec. 31, 2027
$34 million on Dec. 31, 2028
$25.5 million on Dec. 31, 2029
$17 million on Dec. 31, 2030
$8.5 million on Dec. 31, 2031
If Norvell is fired with out trigger between now and the top of the deal, he will probably be entitled to a professional rata share of the $4.5 million beginning this 12 months.
Professional rata sum for Norvell
2025: $4,500,000
2026: $3,750,000
2027: $3,000,000
2028: $2,250,000
2029: $1,500,000
2030: $750,000
2031: $0
Mike Norvell’s bonuses
Norvell’s unique contract at Florida State consists of $1.55 million in bonuses per season, primarily based on incentives.
$750,000: Florida State wins 9 video games in a season
$150,000: Florida State attains a staff APR of not less than 990
$200,000: Florida State attains a staff APR of an ideal 1,000
$100,000: Florida State seems in ACC Championship
$100,000: Florida State wins the ACC
$150,000: School Soccer Playoff bowl sport look
$50,000: Norvell is called Nationwide Coach of the Yr
$50,000: Norvell is called ACC Coach of the Yr
Right here was FSU athletic director Michael Alford’s assertion when Norvell inked his new deal.
“(Norvell) took an trustworthy evaluation of what this system wanted from its chief to maneuver ahead. I am enthusiastic about the way forward for Florida State soccer. FSU will proceed to be a pacesetter within the new construction of collegiate athletics, and that features how we offer for our student-athletes. It is going to take extra assist. I am not going to be shy about encouraging others to comply with Coach Norvell’s actions and contribute nonetheless they will.”
Norvell stated, “I wished to be proactive in my monetary help by means of this time of transition as all of us push ahead to get again to the usual of Florida State soccer. Nice days are forward, and I am grateful to teach these gamers and lead this workers. Now we have been arduous at work to uphold the custom right here at Florida State, and I imagine this step will assist speed up the method to the place I do know we’re going.”
