Jimbo Fisher’s Texas A&M Contract: Buyout Amount, Clause, & Breakdown

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Texas A&M head coach Jimbo Fisher laughs as he responds to questions during NCAA college football Southeastern Conference Media Days, Monday, July 17, 2023, in Nashville, Tenn. (AP Photo/George Walker IV)
(AP Photo/George Walker IV)
Andrew Doughty @DoughtyBetMGM Nov 12, 2023, 12:50 PM

Texas A&M fired Jimbo Fisher on Sunday, Nov. 12, triggering the biggest buyout in college football history.

Jimbo Fisher’s Contract: Extension & Years

Fisher’s initial 10-year, $75 million contract — signed in December 2017 — was replaced by a 10-year, $95 million contract in September 2021. And like the first deal, the second deal is fully guaranteed.

Fisher’s base salary is only $500,000 but he receives annual supplemental compensation in the following amounts:

  • 2023: $8,650,000
  • 2024: $8,750,000
  • 2025: $8,850,000
  • 2026: $8,950,000
  • 2027: $9,050,000
  • 2028: $9,150,000
  • 2029: $9,250,000
  • 2030: $9,350,000
  • 2031: $9,450,000

Fisher is also eligible for several bonuses, though those are irrelevant:

  • SEC Championship: $200,000
  • College Football Playoff berth: $300,000
  • National championship: $1 million

Jimbo Fisher’s Buyout: Amount & Breakdown

Fisher will be owed a buyout of approximately $77 million, an amount equal to 100% of the remaining contract.

Unlike many college football buyouts — including, for example, Neal Brown’s buyout — the percentage owed to Fisher doesn’t decline over time. He’s due 100% of the remaining contract if fired anytime before the contract ends on Dec. 31, 2031.

Here are the Fisher’s buyout amounts if fired on Dec. 31 of that year:

  • 2023: $76,800,000
  • 2024: $67,550,000
  • 2026: $48,750,000
  • 2027: $39,200,000
  • 2028: $29,550,000
  • 2029: $19,800,000
  • 2030: $9,950,000

The amounts are prorated to the date of dismissal. For example, if Fisher is fired on Dec. 1, 2023, he’s due $76,800,000 plus one month’s salary (for December 2023) of $762,500.

After a Week 11 win over Mississippi State, Fisher’s record is 45-25 at Texas A&M. He’s 27-21 in conference games and hasn’t won a road game since October 2021.

The Aggies host Abilene Christian in Week 12.

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About the Author

Andrew Doughty

Read More @DoughtyBetMGM

Andrew Doughty is the Web Content Lead for BetMGM. A graduate of the University of Kansas, he previously wrote for Sports Illustrated and HERO Sports.

Andrew Doughty is the Web Content Lead for BetMGM. A graduate of the University of Kansas, he previously wrote for Sports Illustrated and HERO Sports.