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Report: Mike Norvell to Give FSU $4.5M Back in Restructured Contract to Help Athletes

Related Topics: Mike Norvell, Ross Dellenger

Florida State head coach Mike Norvell is handing $4.5 million back to the school as part of a one-year contract restructure, according to Yahoo Sports' Ross Dellenger.

"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," Dellenger reported. "The settlement permits each school in Division I to share at least $20.5 million with their athletes starting on July 1."

This article will be updated soon to provide more information and analysis.