fbpx

Norvell’s contract loaded with incentives

Print Friendly, PDF & Email

Mike Norvell’s contract with Florida State will include an escalating salary structure as well as bonuses for postseason success and APR scores.

Norvell’s six-year deal runs through Dec. 31, 2025, or the first day following the bowl or playoff for FSU. He will earn $3.75 million in 2020, with the salary rising to $4 million, $4.25 million, $4.5 million and then $5 million in the final two years. There is also a $250,000 annual retention bonus if he is FSU’s coach on Dec. 31 of a calendar year, beginning on Dec. 31, 2020.

He is eligible for bonuses based on FSU’s bowl appearances and conference championship game appearances (or ACC titles). See below:

If Norvell leaves FSU, he will owe $5 million in year 1 of the contract. His payment to FSU would be reduced by $1 million in each subsequent year.

If FSU dismisses Norvell, he would be owed 85 percent of the full amount of the remainder of his contract. This is similar to FSU’s prior buyout with former coach Willie Taggart.

Norvell will receive bonuses if FSU’s single-year APR score is over 950, 970, 990 and 1000.

There are also allowances for a car ($2,000 per month), cell phone, football tickets (home and away), a stadium skybox suite at Doak Campbell Stadium and a membership at a local country club. The Norvells can also spend up to $50,000 on moving expenses and storage.

FSU will pay Memphis the buyout of $500,000.

The assistant pool is set at $5.25 million, but that is for only the 10 assistant coaches. This does not include any off-field staff, analysts or quality control coaches. The contract also states that the pool will be set at “a level commensurate with high-level ACC football programs.”

Taggart’s contract previously allocated $5.5 million for assistants as well as some off-field staff. It remains to be seen how large a staff Norvell will have and how much money is available for analysts or quality control coaches.

No contracts have been released for offensive coordinator Kenny Dillingham or defensive coordinator Adam Fuller.

Comments

  1. Jerry GrayReply

    Does anyone know if the medical staff will be retained? Such as jake Pfiel

    • Bob FerranteReply

      Would hope so. Jake is a good guy. Ran into him on Sunday before the Norvell press conference.

Leave a Reply

Your email address will not be published.