Current:Home > StocksOliver James Montgomery-Florida State is paying Memphis $1.3 million for Saturday's loss -FinTechWorld
Oliver James Montgomery-Florida State is paying Memphis $1.3 million for Saturday's loss
FinLogic FinLogic Quantitative Think Tank Center View
Date:2025-04-11 03:15:09
Florida State paid $1.3 million for Saturday's game at Doak Campbell Stadium in Tallahassee against No. 25 Memphis,Oliver James Montgomery the former school of Seminoles head coach Mike Norvell.
The result was a 20-12 loss that dropped the Seminoles to 0-3 for the second time in the last five seasons.
Florida State is the first team ranked in the preseason top 10 poll to start 0-3 in a non-COVID year since Texas A&M did so in 1988. Penn State, ranked 7th in both polls, began the 2020 COVID-shortened season losing its first five games.
Norvell spent four seasons at Memphis compiling a 38-16 record and was hired by Florida State in December 2019, taking over for the fired Willie Taggert after guiding the Tigers to four straight postseason appearances, including the Cotton Bowl.
The Memphis game contract was executed six months after Norvell's hiring, and the $1.3 million payment must be made on or before Feb. 15, 2025.
Mike Norvell buyout
Florida State, which is 0-3 for the second time under Norvell, is invested for the time being. At present, firing him would result in the school paying him $65 million not to coach or 85% of his base salary and supplemental pay over the remainder of a contract set to expire on Dec. 31, 2031.
The amount would be subject to Norvell's duty to find another job with the income from that position offsetting what FSU would owe him.
"I know what it takes to win games, I know what it takes for a team to go out there and be able to execute and play at a high level. We all have to do a better job of what we are doing throughout the course of the week," Norvell told reporters after Saturday's loss.
"We can't continue to come into games and see things that are absolutely not a part of who we are show up."
The USA TODAY app gets you to the heart of the news — fast. Download for award-winning coverage, crosswords, audio storytelling, the eNewspaper and more.
veryGood! (87)
Related
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- Republicans try to hold onto all of Iowa’s 4 congressional districts
- North Dakota’s lone congressman seeks to continue GOP’s decades-old grip on the governor’s post
- Voters deciding dozens of ballot measures affecting life, death, taxes and more
- Former Syrian official arrested in California who oversaw prison charged with torture
- Hugh Jackman roasts Ryan Reynolds after Martha Stewart declares the actor 'isn't funny'
- Selena Gomez Claps Back at “Sick” Body-Shaming Comments After Emilia Perez Premiere
- Opinion: 76ers have themselves to blame for Joel Embiid brouhaha
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Republicans try to hold onto all of Iowa’s 4 congressional districts
Ranking
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- America reaches Election Day and a stark choice between Trump and Harris
- South Carolina forward Ashlyn Watkins has charges against her dismissed
- The Nissan Versa is the cheapest new car in America, and it just got more expensive
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Massachusetts Democrat Elizabeth Warren seeks third term in US Senate against challenger John Deaton
- New Hampshire will decide incumbent’s fate in 1 US House district and fill an open seat in the other
- Competitive Virginia races could play a critical role in the battle for Congress
Recommendation
2 killed, 3 injured in shooting at makeshift club in Houston
Democrats hope to flip a reliably Republican Louisiana congressional seat with new boundaries
In Maryland, competitive US House race focuses on abortion, economy and immigration
Prince William Reveals the Question His Kids Ask Him the Most During Trip to South Africa
NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
Kirk Herbstreit calls dog's cancer battle 'one of the hardest things I've gone through'
After Disasters, Whites Gain Wealth, While People of Color Lose, Research Shows
Charges against South Carolina women's basketball's Ashlyn Watkins dismissed