Florida State football looks for new coach amid $306 million debt
Yahoo Sports • 1 min read • Latest: Nov 6, 2026, 10:15 AM
Last updated Nov 6, 2026

Florida State football is actively searching for a new coach despite carrying $306 million in debt, primarily from stadium renovations. Interim athletic director Bruce Warwick stated that financial concerns will not hinder the search or attract quality candidates. The university's CFO Kyle Clark emphasized that FSU's revenue streams are strong, with a budget that has significantly grown in recent years. The program aims to rebound from recent struggles, with FSU recently completing two winning seasons under former coach Mike Norvell, who parted ways with the team amid disappointing performance. The school has begun the process of finding a permanent athletic director, which ties into the coaching search.
- •FSU has $306 million in debt largely from facility upgrades.
- •Interim athletic director says money won't impede the coaching search.
- •Kyle Clark reports strong revenue growth and budget management.
- •Former coach Mike Norvell's departure followed two winning seasons.
- •FSU is seeking a permanent athletic director alongside the coaching hire.
- 10:15 AMYahoo Sports — Florida State football seeks new coach amid $306M question: Can FSU afford it?
"Florida State has $306 million in debt but insists money won’t stop FSU football coaching search or pursuit of another national championship.
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