Florida State football coach Mike Norvell has agreed to a restructured contract that involves contributing $4.5 million of his 2025 salary to assist in launching a fundraising campaign amidst the evolving financial landscape of college sports. This decision comes after Norvell signed a new contract last spring, nearly doubling his annual salary to $9.9 million, despite the Seminoles finishing the season with a disappointing 2-10 record, their worst in 50 years.
The restructured contract will see Norvell leading Florida State's new Vision of Excellence program, aimed at raising funds as colleges prepare to share revenue directly with athletes following the new House settlement agreement. This agreement allows Division I schools to distribute a minimum of $20.5 million annually to athletes starting July 1.
