Florida State football seeks new coach amid $306M question: Can FSU afford it?

USA Today · , USA TODAY · 2026-11-06 10:15 UTC

Florida State has $306 million in debt but insists money won’t stop FSU football coaching search or pursuit of another national championship.

Everyone thinks Florida State is broke. FSU says they’ve got it all wrong.

- The university's CFO states FSU has $306 million in debt, primarily from stadium renovations, not the higher figures circulating online.

- FSU's athletic budget has grown from $76 million in 2014 to a projected $265 million for fiscal year 2027.