Florida State’s Mike Norvell Buyout Looks Even More Unmovable After New Debt Report

Florida State’s Mike Norvell Buyout Looks Even More Unmovable After New Debt Report

After the way the last three seasons have ended at Florida State, the hope around the program has continued to fade.In 2023, the Seminoles looked like they were on their way to the College Football Playoff. Florida State went 13-0, won the ACC Championship and appeared set to be one of the four teams selected. Instead, the committee left the Seminoles out after quarterback Jordan Travis suffered a season-ending injury.From there, things got wors…

Report: Florida State reports $437 million in athletics-related debt in 2025

Florida State reported $437 million in athletics-related debt during fiscal year 2025, according to a report from Sportico.

Florida State Became College Sports’ Debt King in FY25

Florida State closed fiscal year 2025 with $437 million in athletics-related debt, according to its latest financial disclosures to the NCAA, a $200 million increase from the prior fiscal cycle and a higher total than any public FBS program reported in FY24. The figure likely placed the Seminoles atop the list of most heavily leveraged […]