Norvell is contributing $4.5 million of his salary this year to the university in a one-year restructured contract, sources tell Yahoo Sports — the third such public move from a college football coach in the last two weeks.
The contribution is part of the school’s new Vision of Excellence campaign intended to raise money as schools gear up to share revenue directly with athletes under the new House settlement agreement. The settlement permits each school in Division I to share at least $20.5 million with their athletes starting on July 1.
As a response to the settlement, coaches are forking over portions of their multi-million dollar salaries. Norvell, who drew interest during Alabama’s head coaching search, received a new contract in the spring that nearly doubled his salary to $9.9 million. By the end of the contract in 2031, the coach will make nearly $11 million annually.
sports.yahoo.com
The contribution is part of the school’s new Vision of Excellence campaign intended to raise money as schools gear up to share revenue directly with athletes under the new House settlement agreement. The settlement permits each school in Division I to share at least $20.5 million with their athletes starting on July 1.
As a response to the settlement, coaches are forking over portions of their multi-million dollar salaries. Norvell, who drew interest during Alabama’s head coaching search, received a new contract in the spring that nearly doubled his salary to $9.9 million. By the end of the contract in 2031, the coach will make nearly $11 million annually.
Sign of the times: FSU’s Mike Norvell giving back $4.5 million in salary ahead of athlete revenue share era
It's the third such public move from a college football coach in the last two weeks.
sports.yahoo.com
