- Jimbo Fisher signed a new contract in 2021.
- His salary is $9 million in 2022.
- Texas A&M is 39-21 in Fisher's first five seasons.
While announcing a four-year contract extension and seven-figure annual raise for Jimbo Fisher in September 2021, Texas A&M athletics director Ross Bjork said the Aggies are “on the right track to building towards championship-level success.”
Since that comment, Texas A&M is 13-11 overall and 6-10 in the SEC. The Aggies’ midseason six-game losing streak might have put Jimbo on the college football hot seat for 2023 and beyond despite a massive buyout.
What Is Jimbo Fisher’s Contract?
Jimbo Fisher was introduced as Texas A&M head coach on Dec. 4, 2017, but didn’t officially sign the 10-year, $75-million contract until Aug. 17, 2018. The deal was fully guaranteed.
His four-year extension was approved by the Texas A&M University System Board of Regents on Sept. 1, 2021, and began in 2022 with a $9-million salary, which increases each year through 2031:
- 2022: $9,000,000
- 2023: $9,150,000
- 2024: $9,250,000
- 2025: $9,350,000
- 2026: $9,450,000
- 2027: $9,550,000
- 2028: $9,650,000
- 2029: $9,750,000
- 2030: $9,850,000
- 2031: $9,950,000
What Is Jimbo Fisher’s Buyout?
If fired before his contract terminates on Dec. 31, 2031, Jimbo Fisher is due a buyout “in an amount equal to the total compensation that would have been paid to [him] for the remaining term,” i.e., every dollar of the contract.
If fired, for example, on Jan. 1, 2023, for simplicity’s sake, Fisher’s buyout would be $85,950,000.
| Termination Date | Buyout |
|---|---|
| Jan. 1, 2023 | $85,950,000 |
| Jan. 1, 2024 | $76,800,000 |
| Jan. 1, 2025 | $67,550,000 |
| Jan. 1, 2026 | $58,200,000 |
| Jan. 1, 2027 | $48,750,000 |
| Jan. 1, 2028 | $39,200,000 |
| Jan. 1, 2029 | $29,550,000 |
| Jan. 1, 2030 | $19,800,000 |
| Jan. 1, 2031 | $9,950,000 |
“These guys don’t fool around . . . $90 million buyout? That doesn’t faze these guys,” Paul Finebaum told Matt Barrie on Oct. 2, referring to Texas A&M’s donors potentially paying the buyout. “They’re embarrassed right now.”
Fisher’s current buyout is more than four times larger than the largest paid buyout in college football history; Gus Malzahn’s buyout was $21.45 million when fired by Auburn in 2020.
Texas A&M win over LSU in the regular-season finale moved Fisher to 39-21 overall – five wins than Kevin Sumlin had through five seasons – and 23-18 in SEC games in five seasons as Aggies’ head coach. And Fisher is undoubtedly closer to the hot seat than “championship-level success.”
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