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The "going Rate"; Coaches salary, staff, etc

Hoyacane1620

Hoyacane1620

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Saw this posted today.

Florida State released the contract details for coach Mike Norvell on Thursday.
The contract is for six years and will pay Norvell $26.5 million through 2025. That's $4.4 million annually, before factoring in an annual retention bonus of $250,000.
Norvell was making $2.6 million in his last season at Memphis.
He'll make $215,000 in annualized sum. The additional compensation, by year, goes as follows:
Year 1 - $3,535,000 (annualized)
Year 2 - $3,785,000
Year 3 - $4,035,000
Year 4 - $4,285,000
Year 5 - $4,785,000
Year 6 - $4,785,000
If you factor in the annual retention bonus, Norvell could make $28 million over six years ($4.6 million per year).
Norvell’s deal with FSU is heavily incentivized:
  • For an appearance in the ACC Championship, he receives $100,000...or $250,000 if he wins the ACC Championship.
  • $100,000 for a bowl appearance OR $200,000 for a NY6 bowl appearance OR $300,000 for a CFP appearance OR $500,000 for a Championship Game appearance OR $800,000 for a National Championship.
  • $50,000 for ACC Coach of the Year. $100,000 for National Coach of the Year.
  • Up to $200,000 depending on single-year APR score.
FSU's multi-year APR must be 930 or higher for these bonuses to be in play.
The approximate salary pool for FSU's 10 assistant coaches under Norvell is $5,250,000. This does NOT include the salary for support staff like director of operations, strength and conditioning coach, and director of recruiting. To compare, Willie Taggart started with a salary pool of $5,500,000 for assistants...but that figure also included funds towards the aforementioned support-staff roles.
Norvell was officially announced as FSU’s head coach on Sunday. He signed the contract on Saturday, Dec. 7.
The buyout language in the 26-page contract states that IF Norvell were to leave FSU for another coaching job in college or the NFL, he'd owe FSU the following in liquidated damages:
$5,000,000 if termination occurs in Year 1.
$4,000,000 if termination occurs in Year 2.
$3,000,000 if termination occurs in Year 3.
$2,000,000 if termination occurs in Year 4.
$1,000,000 if termination occurs in Year 5.
$0 if termination occurs in Year 6.
FSU would owe Norvell 85 percent of his remaining salary if his contract was terminated without cause at any time.
The deal also includes a $2,000 monthly "vehicle allowance" and relocation/moving expenses of $50,000.
 
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Hoyacane1620 said:
Saw this posted today.

Florida State released the contract details for coach Mike Norvell on Thursday.
The contract is for six years and will pay Norvell $26.5 million through 2025. That's $4.4 million annually, before factoring in an annual retention bonus of $250,000.
Norvell was making $2.6 million in his last season at Memphis.
He'll make $215,000 in annualized sum. The additional compensation, by year, goes as follows:
Year 1 - $3,535,000 (annualized)
Year 2 - $3,785,000
Year 3 - $4,035,000
Year 4 - $4,285,000
Year 5 - $4,785,000
Year 6 - $4,785,000
If you factor in the annual retention bonus, Norvell could make $28 million over six years ($4.6 million per year).
Norvell’s deal with FSU is heavily incentivized:
  • For an appearance in the ACC Championship, he receives $100,000...or $250,000 if he wins the ACC Championship.
  • $100,000 for a bowl appearance OR $200,000 for a NY6 bowl appearance OR $300,000 for a CFP appearance OR $500,000 for a Championship Game appearance OR $800,000 for a National Championship.
  • $50,000 for ACC Coach of the Year. $100,000 for National Coach of the Year.
  • Up to $200,000 depending on single-year APR score.
FSU's multi-year APR must be 930 or higher for these bonuses to be in play.
The approximate salary pool for FSU's 10 assistant coaches under Norvell is $5,250,000. This does NOT include the salary for support staff like director of operations, strength and conditioning coach, and director of recruiting. To compare, Willie Taggart started with a salary pool of $5,500,000 for assistants...but that figure also included funds towards the aforementioned support-staff roles.
Norvell was officially announced as FSU’s head coach on Sunday. He signed the contract on Saturday, Dec. 7.
The buyout language in the 26-page contract states that IF Norvell were to leave FSU for another coaching job in college or the NFL, he'd owe FSU the following in liquidated damages:
$5,000,000 if termination occurs in Year 1.
$4,000,000 if termination occurs in Year 2.
$3,000,000 if termination occurs in Year 3.
$2,000,000 if termination occurs in Year 4.
$1,000,000 if termination occurs in Year 5.
$0 if termination occurs in Year 6.
FSU would owe Norvell 85 percent of his remaining salary if his contract was terminated without cause at any time.
The deal also includes a $2,000 monthly "vehicle allowance" and relocation/moving expenses of $50,000.
Click to expand...

thats about right for a g5 coach. willie made 5 but came from oregon tech. 3
 
FSU clearly comfortable knowing he won't make the ACC ship or win it, the cfp, the natty and a NY6 clearly lol
 
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The 5.5 million for assistants evidently ranks something like 16th across the country as far as funding.
 
JD08 said:
A college education, room, board, training and qualification for the next level, exposure, and an opportunity to showcase their talents for scouts 12 times a year.
Click to expand...
The yearly total for all 85 scholarship players is about equal to what the head coach makes per year.
 
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JD08 said:
A college education, room, board, training and qualification for the next level, exposure, and an opportunity to showcase their talents for scouts 12 times a year.
Click to expand...
an education? did you forget this is fsu?
 
Hoyacane1620 said:
Saw this posted today.

Florida State released the contract details for coach Mike Norvell on Thursday.
The contract is for six years and will pay Norvell $26.5 million through 2025. That's $4.4 million annually, before factoring in an annual retention bonus of $250,000.
Norvell was making $2.6 million in his last season at Memphis.
He'll make $215,000 in annualized sum. The additional compensation, by year, goes as follows:
Year 1 - $3,535,000 (annualized)
Year 2 - $3,785,000
Year 3 - $4,035,000
Year 4 - $4,285,000
Year 5 - $4,785,000
Year 6 - $4,785,000
If you factor in the annual retention bonus, Norvell could make $28 million over six years ($4.6 million per year).
Norvell’s deal with FSU is heavily incentivized:
  • For an appearance in the ACC Championship, he receives $100,000...or $250,000 if he wins the ACC Championship.
  • $100,000 for a bowl appearance OR $200,000 for a NY6 bowl appearance OR $300,000 for a CFP appearance OR $500,000 for a Championship Game appearance OR $800,000 for a National Championship.
  • $50,000 for ACC Coach of the Year. $100,000 for National Coach of the Year.
  • Up to $200,000 depending on single-year APR score.
FSU's multi-year APR must be 930 or higher for these bonuses to be in play.
The approximate salary pool for FSU's 10 assistant coaches under Norvell is $5,250,000. This does NOT include the salary for support staff like director of operations, strength and conditioning coach, and director of recruiting. To compare, Willie Taggart started with a salary pool of $5,500,000 for assistants...but that figure also included funds towards the aforementioned support-staff roles.
Norvell was officially announced as FSU’s head coach on Sunday. He signed the contract on Saturday, Dec. 7.
The buyout language in the 26-page contract states that IF Norvell were to leave FSU for another coaching job in college or the NFL, he'd owe FSU the following in liquidated damages:
$5,000,000 if termination occurs in Year 1.
$4,000,000 if termination occurs in Year 2.
$3,000,000 if termination occurs in Year 3.
$2,000,000 if termination occurs in Year 4.
$1,000,000 if termination occurs in Year 5.
$0 if termination occurs in Year 6.
FSU would owe Norvell 85 percent of his remaining salary if his contract was terminated without cause at any time.
The deal also includes a $2,000 monthly "vehicle allowance" and relocation/moving expenses of $50,000.
Click to expand...
2000 per month is nice for vehicle. I saw some commercial for a 1700 per month lease on an Aston Martin
 
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Hoyacane1620 said:
Saw this posted today.

Florida State released the contract details for coach Mike Norvell on Thursday.
The contract is for six years and will pay Norvell $26.5 million through 2025. That's $4.4 million annually, before factoring in an annual retention bonus of $250,000.
Norvell was making $2.6 million in his last season at Memphis.
He'll make $215,000 in annualized sum. The additional compensation, by year, goes as follows:
Year 1 - $3,535,000 (annualized)
Year 2 - $3,785,000
Year 3 - $4,035,000
Year 4 - $4,285,000
Year 5 - $4,785,000
Year 6 - $4,785,000
If you factor in the annual retention bonus, Norvell could make $28 million over six years ($4.6 million per year).
Norvell’s deal with FSU is heavily incentivized:
  • For an appearance in the ACC Championship, he receives $100,000...or $250,000 if he wins the ACC Championship.
  • $100,000 for a bowl appearance OR $200,000 for a NY6 bowl appearance OR $300,000 for a CFP appearance OR $500,000 for a Championship Game appearance OR $800,000 for a National Championship.
  • $50,000 for ACC Coach of the Year. $100,000 for National Coach of the Year.
  • Up to $200,000 depending on single-year APR score.
FSU's multi-year APR must be 930 or higher for these bonuses to be in play.
The approximate salary pool for FSU's 10 assistant coaches under Norvell is $5,250,000. This does NOT include the salary for support staff like director of operations, strength and conditioning coach, and director of recruiting. To compare, Willie Taggart started with a salary pool of $5,500,000 for assistants...but that figure also included funds towards the aforementioned support-staff roles.
Norvell was officially announced as FSU’s head coach on Sunday. He signed the contract on Saturday, Dec. 7.
The buyout language in the 26-page contract states that IF Norvell were to leave FSU for another coaching job in college or the NFL, he'd owe FSU the following in liquidated damages:
$5,000,000 if termination occurs in Year 1.
$4,000,000 if termination occurs in Year 2.
$3,000,000 if termination occurs in Year 3.
$2,000,000 if termination occurs in Year 4.
$1,000,000 if termination occurs in Year 5.
$0 if termination occurs in Year 6.
FSU would owe Norvell 85 percent of his remaining salary if his contract was terminated without cause at any time.
The deal also includes a $2,000 monthly "vehicle allowance" and relocation/moving expenses of $50,000.
Click to expand...
That’s a pretty fair market rate deal, and I guarantee it’s a better contract for a better HC candidate than what Manny got
 
Maddog71 said:
The yearly total for all 85 scholarship players is about equal to what the head coach makes per year.
Click to expand...
You asked, I answered.

Management is funny that way. The CEO make a lot more than I do for the same hours. Your point?
 
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fraggle said:
an education? did you forget this is fsu?
Click to expand...
Good point, maybe I should have said a degree from an accredited institutio, not to be confused with an actual education like one would get from UM.
 
Great contract for Norvell if he wants to bolt. It's a horrible contract for FSU if he sucks. Noles were obviously desperate to give the same buyout to a AAC coach at 85% they gave to Taggart. What's the definition of insanity again ;)
 
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