The amount of money they're offering is going to be hard for him to turn down. They didn't offer Zaquan as much but he was in a similar situation
However, their deals are sketchy. The language in their deals give them an easy out to stop paying whenever they want or renegotiate and pay whenever they want. I've talked to several people that talk about the money they're "contracted" to pay and there's lots of doubt that they'll be able to make ends meet for all of it. Where it is going to come from is anyone's guess but they're doing whatever they can to build on the hype. Also, it's verbal offers. Probably going to change when the offer is put on paper.
Might be a decent deal if he goes in, stays healthy, produces at a high level, etc. They did it to Josh Farmer and he called their bs and entered the portal and forced them to hold onto their deal that they were going to try to lower to help cover their portal class.
Also, banking on Norvell staying and winning games because as soon as they start losing or he leaves and they don't like the new hire money will dry up, fans will revolt on NIL, or whatever and all these deals will be cut or stopped and they have the right to do that in the contracts they're drawing up.