WVU would have to pay $1 million to exit that contract. The school is guaranteed at least $2.3 million to play the game and doesn't have to pay JMU anything. A ticket incentive could generate an additional $200,000.
WVU also has a game scheduled at home against Maryland. The buyout is $500,000, but Parsons said the Terrapins are likely to stay on the schedule, too.
"Maryland, for one, is a home game," he said. "It's also a longstanding game that we would like to maintain, so we've not necessarily had that discussion with them either."
WVU opens its season Sept. 1 with Marshall in the final game in the Coal Bowl series, but that, too, is a home game likely to stay where it is, even with a buyout at just $150,000.
"Obviously, there are a lot of things that go into this decision, but nothing is finalized yet," Parsons said.
"The biggest thing with our discussions with Florida State is they're not in our region. We don't deal with them regularly. We just wanted to make sure they're aware that somewhere along the line we may have to do something."
If the 2012 game is cancelled, Parsons conceded the 2013 game could be lost as well because "it's our home game.
"I think they would say, 'If they're not coming here, we're not going there.'"
He also said the schools could agree to simply push the series back a few years. WVU would still have to pay Florida State a liquidated damage, although not as large as the $850,000 for canceling the series.
A decision on the Florida State series isn't alone on the WVU scheduling front. The school also has to consider a 2014-15 series with Michigan State, which Parsons called a "very similar situation" (to Florida State) with regards to scheduling.
Contact sportswriter Mike Casazza at mi...@dailymail.com or 304-319-1142 His blog is at blogs.dailymail.com/wvu.