Florida State coach Mike Norvell has restructured his contract to include a $4.5 million contribution to a new fundraising campaign for revenue sharing with student-athletes, the university announced on Monday.
The Vision of Excellence university initiative was designed to help with the student-athletes’ overall experience as well as coaching, facilities and fan engagement, the university said.
“I presented this to our administration in an effort to boost the support of our student-athletes while recognizing that the results and expectations need to be upheld to the highest level,” Norvell said in the statement.
“I wanted to be proactive in my financial assistance through this time of transition as we all push forward to get back to the standard of Florida State football. Great days are ahead, and I’m grateful to coach these players and lead this staff. We have been hard at work to uphold the tradition here at Florida State, and I believe this step will help accelerate the process to where I know we are going.”
Division I schools are permitted to share at least $20.5 million in revenue with their athletes starting on July 1 under a new House settlement agreement.
Norvell has coached the Seminoles since 2020 and is 33-27, including 2-10 this season after going 13-1 in 2023 with the team’s first Atlantic Coast Conference championship since 2014.
He received a multiyear contract extension after the 2022 season and an enhancement in January. Norvell, who is set to be paid $9.9 million in 2025, is under contract through 2031. He has an overall head coaching record of 71-43, including four seasons at Memphis (2016-19).
“He is a high-character person who took an honest assessment of what the program needed from its leader to move forward,” FSU director of athletics Michael Alford said in the statement. “I’m excited about the future of Florida State football. FSU will continue to be a leader in the new structure of collegiate athletics, and that includes how we provide for our student-athletes. It will take additional support. I’m not going to be shy about encouraging others to follow Coach Norvell’s actions and contribute however they can.”
–Field Level Media
