Florida State coach Mike Norvell has agreed to a one-year restructured contract that includes a $4.5 million contribution to help launch a new university initiative aimed, in part, at raising money for revenue sharing and facilities, the school announced Monday.
The money will go toward the Vision of Excellence fundraising campaign, which the school characterizes as a “bold and immediate step forward” in helping the overall student-athlete experience. Starting July 1, each Division I school will be allowed to share at least $20.5 million in revenue with their athletes under a House settlement agreement.
Norvell is set to make $9.9 million in 2025 as part of a contract that includes incremental raises every year through 2031. This past season, Florida State finished 2-10 under Norvell, one year after winning the 2023 ACC championship and finishing 13-1.
“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 a 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.”
