If Florida State decided to part ways with head coach Mike Norvell at the end of the 2024 season, the Seminoles would owe their head coach roughly $63 million. The head coach’s buyout drops by roughly $9 million after each season. 

Norvell signed an eight-year extension through the 2031 season worth more than $84 million before incentives before the 2024 season. According to Norvell’s contract, he is owed 85 percent of his remaining salary as a buyout.

Here is a full buyout breakdown:

+ Buyout drops to $54.4 million after the 2025 season
+ Buyout drops to $45.6 million after the 2026 season
+ Buyout drops to $36.8 million after the 2027 season
+ Buyout drops to $27.7 million after the 2028 season
+ Buyout drops to $18.5 million after the 2029 season
+ Buyout drops to $9.3 million after the 2030 season

Norvell would receive $875,000 a month through Dec. 31, 2031, if fired at the end of this season. He is set to earn $10.15 million in 2025. His contract includes a $150,000 raise each season. The Florida State coach will make $11.05 million in the final year of his contract in 2031.

In 2023, Mike Norvell led Florida State to its first 10-win season since 2016. Florida State finished 13-0 and captured its first ACC title since 2014. He was hired in December 2019 after four seasons at Memphis. Norvell initially inked a six-year, $26.5 million contract.

The 42-year-old head coach is in Year Five at Florida State. He was 3-6 in his inaugural season in Tallahassee in 2020. The Seminoles opened the 2021 season 0-4 but won five of their final eight games to finish 5-7. In 2022, Florida State finished 10-3 with a win over Oklahoma in the Cheez-It Bowl. The Seminoles finished No. 11 in the AP poll, setting up for the breakout 2023 season.

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