Florida State head football coach Mike Norvell received a three-year contract extension and a significant raise for the Seminoles' breakout 2022 season, the university announced Wednesday afternoon.

Norvell, who was previously signed up to be the Seminoles' coach through 2026 at a maximum base salary of $6.785 million in 2026, is now under contract through 2029.

FSU said that Norvell’s contract extension features a new compensation structure that averages $8.05 million per year. Per contract details shared with the Osceola, here is what Norvell is set to make over the next six seasons:

Year 4 (2023) — $5.335 million

Year 5 (2024) — $7.335 million

Year 6 (2025) — $7.585 million

Year 7 (2026) — $7.835 million

Year 8 (2027) — $8.085 million

Year 9 (2028) — $8.335 million

Year 10 (2029) — $8.585 million

That's a sizable step up from the average annual salary of $4.4 million that was on Norvell's original six-year contract when he initially arrived at FSU in December 2019.

Norvell made $4.5 million in 2022, which ranked 33rd nationally and fifth among ACC coaches per USA Today Sports' database. His 2023 salary would rank 24th nationally per 2022 salaries and Norvell would jump to 11th, just ahead of Florida head coach Billy Napier by 2024.

Norvell's 2029 salary of $8.585 million would rank eighth nationally according to what coaches made last year, just ahead of Penn State coach James Franklin and just behind Ohio State head coach Ryan Day.

As far as the updated buyout on Norvell's contract goes, it begins year four of the contract (2023) at $6 million, is reduced to $4 million in 2024, $3 million in 2025, $2 million in 2026 and $1 million in 2028 with no buyout in 2029.

FSU states in the contract it would pay the buyout in equal quarterly installments over the first twenty-four months following the date of termination, with the first such installment due within thirty (30) days of the termination date.

There are additional incentives as well in Norvell's new contract. Here's what he would receive for achieve a variety of postseason goals: (contract notes the annual maximum of these incentives will be $950,000)

Non-College Football Playoff ("CFP") Bowl Appearance $100,000

CFP New Years' Six Bowl Appearance $200,000

CFP First Round Game Appearance $250,000

CFP Quarterfinal Game Appearance $375,000

CFP Semi-Final Game Appearance $500,000 or CFP National Championship Game Appearance $750,000

CFP National Championship Game Win $950,000

The Seminoles' 10-win 2022 season was the program's first double-digit victory season since 2016, when FSU also finished 10-3. It saw more wins than in Norvell's first two seasons at FSU combined (8) and included wins over rivals Florida and Miami, a win over LSU in New Orleans and a win over Oklahoma in the Cheez-It Bowl.

FSU is widely regarded as a preseason top-10 or even top-five team in early polls ahead of the 2023 season. ESPN.com wrote this week that the Seminoles have the most returning production going into the fall.

Norvell is 18-16 at FSU, following up a four-year run at Memphis where he went 38-16.

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