FSU contracts with Parker Executive Search reveal cost for both searches and a timeline for the AD hire
Key Points:
- Florida State University has contracted Parker Executive Search to conduct searches for its athletic director and head football coach, agreeing to pay $175,000 in professional fees.
- The Atlanta-based firm will receive $100,000 for the athletic director search and $75,000 for the head coach search, with fees paid in three equal installments.
- The contracts, signed by FSU's vice president for finance and administration Kyle Clark, were dated Oct. 30 for the athletic director search and Nov. 2 for the head coach search, shortly after Mike Norvell's firing.
- Parker's standard fee is 30% of the hire's first-year cash compensation, but FSU negotiated flat fees; however, additional expenses such as advertising and travel will be billed separately.
- If FSU alters the search or requests expansion, Parker is entitled to negotiate additional fees beyond the agreed $175,000 plus reimbursable expenses.