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$8.05 million per season
- Florida State has rewarded Mike Norvell with a contract extension that makes him one of the highest-paid coaches in the ACC. The new deal, which comes on the heels of a 10-win campaign in 2022, keeps Norvell in Tallahassee through the 2029 season and pays him an average of $8.05 million per season.
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Feb 8, 2023 · The new deal, which comes on the heels of a 10-win campaign in 2022, keeps Norvell in Tallahassee through the 2029 season and pays him an average of $8.05 million per season. Norvell's new...
- Mike Norvell Contract Details
- Pandemic Effects
- Mike Norvell Buyout Details
- Potential Bonuses
- Mike Norvell’s Additional Allowances and Perks
Showing the details behind Norvell’s contract isn’t as simple as presenting the number of years and total salary. There are two factors at play here: (1) An extension signed in 2021 and (2) several rounds of pay cuts that Norvell took during the pandemic to help the university save money. Norvell’s contract was originally worth $28 milion over six ...
That pay cut was originally agreed to in July 2020, with additional amendments coming that December. According to the amendments, as obtained by Boardroom, here are the changes to his additional pay, none of which affect his annual base salary of $215,000: 1. Contract Year One (2020): $3,535,000 — remains unchanged 2. Contract Year Two (2021): $2,7...
If Florida State fires Norvell without cause — essentially because the team is losing and not because of any NCAAshenanigans or legal issues — then the university will owe him 85% of the remaining money left on his contract. In this case, “remaining money” is defined as his remaining base salary plus remaining additional pay. Retention or performan...
As with most coaches, Norvell is set to receive some hefty bonuses if his players perform well on the field and in the classroom. His contract states that in order to be eligible for these bonuses, his team must have a multiyear APR score of at least 930. For the uninitiated, APR stands for Academic Performance Rate, and is the NCAA’s way of measur...
Norvell’s additional perks are all pretty standard, but worth noting nevertheless: 1. Florida State also provides Norvell with allowances to cover essential job expenses like his cell phone and vehicle. The university gives him a $2,000 per month car allowance. For his phone, his contract allows for either a university-issued phone or a stipend to ...
Jan 12, 2024 · After earning $3.035 million in 2022, the FSU head coach will earn $5.335 million in the 2023 college football season. That is just the beginning for Norvell, however, as his salary is set to increase substantially through the terms of his contract extension.
- Oliver Hodgkinson
Feb 26, 2024 · Published Feb. 26 | Updated Feb. 26. Florida State football coach Mike Norvell received a $2.5 million raise for this season, according to a copy of his latest contract. Norvell’s base salary...
- mbaker@tampabay.com
- Colleges And Recruiting Reporter
Feb 8, 2023 · Instead of earning $4.75 million, as was promised in his original contract, he is due to make $5.8 million. By 2029, his full salary rises to $9.05 million. All figures include an annual $250,000...
Dec 12, 2019 · In the first year of the contract, which was signed on Dec. 7 by Norvell and on Dec. 10 by FSU President John Thrasher, Norvell will receive a base salary of $3.75 million. The deal will escalate each year, culminating with a $5 million salary in each of the final two years.
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