Ex-$85 million college football coach may be Florida State's next HC: Insider

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Florida State has publicly supported Mike Norvell in a statement released earlier this season, but the Seminoles could still enter the college football coaching carousel during the offseason. If Florida State fires Norvell, an interesting name has emerged as a potential candidate.
While providing context to the latest college football rumors, On3's Pete Nakos reported that former Penn State head coach James Franklin is a potential candidate at Virginia Tech. The insider added that Franklin would also be a top candidate at Florida State if the Noles make a move in the coming months.
"Sources have connected former Penn State head coach James Franklin to the Virginia Tech job; however, he is likely to be one of the top names in coaching searches this cycle," Nakos detailed on Monday.
"His name is also tied to Florida and LSU, and will likely be a top name at Florida State if the Seminoles move on from Mike Norvell. Franklin does have some familiarity with Virginia Tech; his former defensive coordinator at Penn State was Pry."
How would former Penn State HC James Franklin fit at Florida State?
Franklin will be an interesting candidate given his time at Penn State ended on such a sour note. Yet, we are not even a year removed from Franklin leading the Nittany Lions on a run to the College Football Playoff.
Let's say James Franklin ends up at any of:
— FanDuel Sportsbook (@FDSportsbook) October 18, 2025
• Florida
• Florida State
• Virginia Tech
• Arkansas
Would he win a national championship? 🏆 pic.twitter.com/vf7nqYMmdt
Franklin could have an even clearer path to making the postseason at Florida State given the wide-open nature of the ACC. There is also the advantage of recruiting inside the state of Florida.
Florida State's decision makers plan to evaluate Norvell and the football program at the end of the season. Norvell's current buyout is one of the largest in college football topping $54 million, per Nakos.
If Florida State fires Mike Norvell, the Seminoles are looking at a $100 million bill
The Seminoles must also consider the cost of not only paying Norvell's buyout but hiring a new coaching staff. If Florida State eventually moves on from Norvell, the Noles are looking at an estimated $100 million cost.
With the reported firing of Brian Kelly, college football teams are on the hook for over $169M in buyouts so far this season.
— Front Office Sports (@FOS) October 27, 2025
• Brian Kelly (LSU), $53M
• James Franklin (Penn State), $49.7M
• Billy Napier (Florida), $21.2M
• Mike Gundy (OSU), $15M
• Sam Pittman (Arkansas),… pic.twitter.com/OIQSXhL83t
"Sources have speculated that the all-in cost to fire Norvell and his staff and make the next hire is in the $100 million range," Nakos wrote on Oct. 19.
James Franklin had a 10-year, $85 million contract at Penn State
Franklin was previously on a 10-year, $85 million contract at Penn State, per ESPN. The longtime head coach will be looking for a lucrative new deal at Virginia Tech, Florida State or his next landing spot.
There is one caveat as Franklin earned a massive buyout from Penn State with an offset clause if he lands a new gig. Franklin may be willing to take less money and encourage a program like Florida State to invest more in NIL.

Jonathan Adams is a veteran sports writer who has written for notable outlets and interviewed some of the top athletes for more than 10 years. Since 2015, his sports coverage has been read by tens of millions and has been prominently featured on Heavy, NFL.com, Yahoo Sports, Pro Football Talk, CBS Sports, Bleacher Report and more. Jonathan is a member of the Football Writers Association of America (FWAA) and a voter for the Maxwell Award and Eddie Robinson Coach of the Year. He has interviewed many of the biggest stars in sports — Bryce Harper, Jayden Daniels, Justin Jefferson, Bijan Robinson and Micah Parsons to name a few — and has traveled the country to cover the College Football Playoff, NFL draft, Masters, March Madness, Senior Bowl, McDonald’s All-American Game and beyond. Jonathan Adams studied at the University of Central Florida and The Seattle School of Theology & Psychology. He holds master degrees in sport business management, business administration and theology & culture.
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