Auburn triggered the biggest buyout in college history, $21.45 million, when they fired Gus Malzahn after the 2020 season.
Texas A&M will set a new record if Jimbo Fisher is fired anytime before the 2029 season.
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, including:
- SEC Championship: $200,000
- College Football Playoff berth: $300,000
- National championship: $1 million
Jimbo Fisher’s Buyout: Amount & Breakdown
If Fisher can’t escape the college football hot seat and is fired after the 2023 regular season, Fisher would 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:
- 2022: $85,950,000
- 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 2 loss to Miami (FL), Fisher’s record is 40-22 at Texas A&M. He’s 23-18 in conference games.
