Tears Nole Tears (“Offcial”)

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What is Mike Norvell's contract buyout at Florida State?​

Norvell's extension tacked six more years on to his original contract and bumped his annual salary up north of $10 million per year, putting him in line with the elite coaches in college football. Norvell's buyout is 85% of his remaining contract, and from 2025 to 2031, Norvell is scheduled to make $72.7 million. That means his buyout before this season was $61.8 million and his buyout after this season would still be $53.3 million. The buyout can be paid in full or in monthly installments through the 2031 season.

Norvell did agree to restructure his deal after last year's 2-10 debacle, taking a one-year pay cut of $4.5 million for the 2025 season to help with potential revenue sharing. However, he has the opportunity to make that money back in bonuses through the remainder of his contract -- and would get the full amount back in his buyout if fired after this season -- and then a pro rated amount of that $4.5 million, decreasing by $750,000 each year until his contract runs up in 2031.
 
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